12581 Kelly Sands Way APT 520Fort MyersFL33908
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
Total monthly income runs $1,556/mo, and a $978/mo payment. Purchase price stands at $199,900, and rental yield measures 9.34% with $1,556/mo rent. Return on cash invested shows 0.2% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 6.41% and total cumulative return in cash records $4,249. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,556/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$1,282 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob C Berning • Michael Saunders & Company
Mls Name: Sanibel And Captiva Island AOR
Mls Provider:
Mls ID: #2250898
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.