11811 Venetian Lagoon Dr UNIT 102Fort MyersFL33913
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 11811 Venetian Lagoon Dr UNIT 102, Fort Myers, FL, 33913 offers a 13.22% rental yield on a $420,750 purchase with $4,637/mo rent. Total monthly income registers $4,637/mo, and a $2,059/mo payment leaves $1,098/mo available for distribution. Annual cash flow reaches $13,171/yr on $139,479 to close, and return on cash invested stands at 29.35% in year one. Equity gained on principal adds $2,715/yr while 5% annual appreciation supports $116,245 over five years. Portfolio math shows five-year ROI at 156.4% and total cumulative return in cash at $218,138. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,637/mo property income against a $2,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
5,793 sqft lot
$N/A/sqft
$8,971 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Campbell • Taylor Morrison Realty of FL
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224065569
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.