11620 Court Of Palms APT 501Fort 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 501, Fort Myers, FL, 33908 earns $524/mo cash flow from $8,874/mo rent with a $4,890/mo payment. Total monthly income totals $8,874/mo, and annual cash flow totals $6,291/yr on $328,671 capital. ROI tracks 21.97% on current figures, and rental yield reads 10.66% at a $999,000 purchase. Equity gained on principal adds $6,446/yr, and 5% annual appreciation supports $276,005 over five years. Five-year ROI reaches 116.76% and total cumulative return in cash sums $383,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,874/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$4,725 quarterly 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: Gregory Demaras • Pfeifer Realty Group LLC
Mls Name: Sanibel And Captiva Island AOR
Mls Provider:
Mls ID: #2250559
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