11033 Mill Creek Way APT 202Fort 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 11033 Mill Creek Way APT 202, Fort Myers, FL, 33913 listed at $240,000 pairs $7,448/mo rent with a $1,175/mo payment to leave $5,210/mo cash flow. Total monthly income runs $7,448/mo, and annual cash flow reaches $62,522/yr on $79,560 cash to close. Return on cash invested measures 98.49% in year one, and rental yield registers 37.24% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 528.42% and total cumulative return in cash totals $420,410. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,448/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
8,520 sqft lot
$N/A/sqft
$4,880 annually 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: Patti Meunier • Weichert Realtors Agency ONE
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225051231
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.