11620 Court Of Palms APT 105Fort 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 105, Fort Myers, FL, 33908 listed at $995,000 pairs $7,633/mo rent with a $4,870/mo payment to leave $1,030/mo cash flow. Total monthly income runs $7,633/mo, and annual cash flow reaches $12,360/yr on $327,355 cash to close. Return on cash invested measures 23.84% in year one, and rental yield registers 9.21% at a $995,000 basis. Equity gained on principal adds $6,421/yr, and annual property appreciation at 5% supports $274,900 by year five. Five-year ROI tracks 124.47% and total cumulative return in cash totals $407,454. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,633/mo property income relative to a $4,870/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A lot
$N/A/sqft
No 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: George Mellendorf • RE/MAX Trend
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026003335