11300 Caravel Cir APT 303Fort MyersFL33908
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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
Investment property for sale in Fort Myers at 11300 Caravel Cir APT 303, Fort Myers, FL, 33908 offers a 22.15% rental yield on a $254,500 purchase with $4,698/mo rent. Total monthly income registers $4,698/mo, and a $1,246/mo payment leaves $2,489/mo available for distribution. Annual cash flow reaches $29,865/yr on $84,367 to close, and return on cash invested stands at 55.31% in year one. Equity gained on principal adds $1,642/yr while 5% annual appreciation supports $70,314 over five years. Portfolio math shows five-year ROI at 295.94% and total cumulative return in cash at $249,679. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,698/mo property income against a $1,246/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
$6,240 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33908, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,029 (100%) |
| Owner Occupied HU | 15,858 (51.1%) |
| Renter Occupied HU | 5,421 (17.5%) |
| Vacant Housing Units | 9,750 (31.4%) |
| Median Home Value | $495,639 |
| Average Home Value | $585,764 |
Housing Distribution
Address Breakdown
Residential
26,065
Single Family
17,390
Multi-Family
8,675
Businesses
1,171
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Listed by: Anabelle Miller • Royal Shell Real Estate, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224039504
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.