11011 Mill Creek WAY #1302Fort MyersFL33913
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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
Rental property for sale in Fort Myers at 11011 Mill Creek WAY #1302, Fort Myers, FL, 33913 generates $2,027/mo in rent and, after a $1,468/mo payment, leaves $37/mo in cash flow. Total monthly income is $2,027/mo, and annual cash flow is $440/yr on $99,417 invested. Return on cash invested sits at 20.35% in year one, and rental yield is 8.11% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 105.8% and total cumulative return in cash sums $105,184. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,027/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A 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
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Listed by: Jeri L Macarthur • Berkshire Hathaway FL Realty
Mls Name: SWFLMLS
Mls ID: #226000746