11169 Lakeland CirFort 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 11169 Lakeland Cir, Fort Myers, FL, 33913 priced at $475,000 converts $2,898/mo rent into after a $2,325/mo obligation. Total monthly income equals $2,898/mo. Return on cash invested prints 17.97% in year one, and rental yield reads 7.32% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 93.03% and total cumulative return in cash sums $146,491. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,898/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 2001
8,668 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
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Listed by: Rehana Akter • DomainRealty.com LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #223072970