12505 McGregor Blvd APT 213BFort MyersFL33919
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 12505 McGregor Blvd APT 213B, Fort Myers, FL, 33919 in Fort Myers achieves 1.80, rent of $1,620/mo covers the $898/mo payment 1.5x over at $199,700. Rental yield 9.73%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $55,173 over five years, with $1,839/yr in principal reduction bringing total projected return to $74,540.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.8% |
| Monthly Cash Flow | $(48) | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,620 |
| Total Monthly Debt Service | $1,589 |
| DSCR Ratio | 1.02x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
0.42 Acres lot
$N/A/sqft
$3,840 annually HOA
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
Condo
Built in 2005
0.42 Acres lot
$N/A/sqft
$3,840 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stefanie Scheubert • Re/Max Destination Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225045015
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.