10700 Palazzo Way APT 206Fort MyersFL33913
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fort Myers at 10700 Palazzo Way APT 206, Fort Myers, FL, 33913 earns $37/mo cash flow from $2,373/mo rent with a $1,723/mo payment. Total monthly income totals $2,373/mo, and annual cash flow totals $443/yr on $116,688 capital. ROI tracks 20.29% on current figures, and rental yield reads 8.09% at a $352,000 purchase. Equity gained on principal adds $2,271/yr, and 5% annual appreciation supports $97,251 over five years. Five-year ROI reaches 105.46% and total cumulative return in cash sums $123,054. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,373/mo property income instead of your personal income.
Condo
Built in 2019
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33913, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 14,493 (66.3%) |
| Renter Occupied HU | 2,420 (11.1%) |
| Vacant Housing Units | 4,936 (22.6%) |
| Median Home Value | $534,248 |
| Average Home Value | $646,036 |
Housing Distribution
Address Breakdown
Residential
19,079
Single Family
16,766
Multi-Family
2,313
Businesses
938
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Low • Linda Lamb & Company LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025021343