12491 McGregor Blvd APT 16Fort MyersFL33919
INVESTMENT ANALYSIS
Investment Verdict
Solid Income12491 McGregor Blvd APT 16, Fort Myers, FL, 33919 in Fort Myers carries a 1.63 coverage ratio, rent of $881/mo is 1.63 times the $540/mo payment. Rental yield 9.27%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $114,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $31,496; total projected cumulative return: $49,379.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.8% |
| Monthly Cash Flow | $(347) | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $881 |
| Total Monthly Debt Service | $739 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
4,822 sqft lot
$N/A/sqft
No HOA
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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
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Listed by: N/A • N/A
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #2026039645
