11620 Court Of Palms APT 104Fort 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 11620 Court Of Palms APT 104, Fort Myers, FL, 33908 offers a 10% rental yield on a $949,500 purchase with $7,913/mo rent. Total monthly income registers $7,913/mo, and a $4,647/mo payment leaves $1,466/mo available for distribution. Annual cash flow reaches $17,598/yr on $312,386 to close, and return on cash invested stands at 25.69% in year one. Equity gained on principal adds $6,127/yr while 5% annual appreciation supports $262,329 over five years. Portfolio math shows five-year ROI at 134.62% and total cumulative return in cash at $420,541. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,913/mo property income against a $4,647/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
0.52 Acres lot
$N/A/sqft
$1,750 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: Iryna Snyder • RE/MAX Trend
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #2025013606
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.