11789 Grand Belvedere WAY #103Fort MyersFL33913
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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 11789 Grand Belvedere WAY #103, Fort Myers, FL, 33913 earns $65/mo cash flow from $2,351/mo rent with a $1,686/mo payment. Total monthly income totals $2,351/mo, and annual cash flow totals $780/yr on $114,202 capital. ROI tracks 20.59% on current figures, and rental yield reads 8.19% at a $344,500 purchase. Equity gained on principal adds $2,223/yr, and 5% annual appreciation supports $95,179 over five years. Five-year ROI reaches 107.08% and total cumulative return in cash sums $122,283. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,351/mo property income instead of your personal income.
Condo
Built in 2020
8,006 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33913, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 14,493 (66.3%) |
| Renter Occupied HU | 2,420 (11.1%) |
| Vacant Housing Units | 4,936 (22.6%) |
| Median Home Value | $534,248 |
| Average Home Value | $646,036 |
Housing Distribution
Address Breakdown
Residential
19,079
Single Family
16,766
Multi-Family
2,313
Businesses
938
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Listed by: Todd Golnick • Premiere Plus Realty Company
Mls Name: SWFLMLS
Mls ID: #225066880