11701 Olivetti Ln APT 403Fort 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 11701 Olivetti Ln APT 403, Fort Myers, FL, 33908 offers a 12.1% rental yield on a $322,500 purchase with $3,252/mo rent. Total monthly income registers $3,252/mo, and a $1,578/mo payment leaves $174/mo available for distribution. Annual cash flow reaches $2,083/yr on $106,909 to close, and return on cash invested stands at 21.86% in year one. Equity gained on principal adds $2,081/yr while 5% annual appreciation supports $89,101 over five years. Portfolio math shows five-year ROI at 117.72% and total cumulative return in cash at $125,852. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,252/mo property income against a $1,578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
N/A lot
$N/A/sqft
$2,646 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: Ann Gee • John Gee and Company Inc.
Mls Name: Sanibel And Captiva Island AOR
Mls Provider:
Mls ID: #2240724
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.