10740 Palazzo Way APT 404Fort 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 10740 Palazzo Way APT 404, Fort Myers, FL, 33913 earns $338/mo cash flow from $2,262/mo rent with a $1,419/mo payment. Total monthly income totals $2,262/mo, and annual cash flow totals $4,057/yr on $96,102 capital. ROI tracks 24.13% on current figures, and rental yield reads 9.36% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 126.11% and total cumulative return in cash sums $121,197. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,262/mo property income instead of your personal income.
Single Family
Built in 2016
10,733 sqft 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: Brandon Burns • EXP Realty, LLC
Mls Name: SWFLMLS
Mls ID: #225060520