13151 Kings Point Dr E #6AFort MyersFL33919
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 13151 Kings Point Dr E #6A, Fort Myers, FL, 33919 in Fort Myers worth modelling. At $153,000 with a 10.85% gross yield, the $1,383/mo rent leaves $138/mo after the $688/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.01 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $42,271 by year five; $1,409/yr in principal reduction adds further equity. Total projected return: $68,253.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.8% |
| Monthly Cash Flow | $138 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,383 |
| Total Monthly Debt Service | $1,184 |
| DSCR Ratio | 1.17x |
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 1964
N/A lot
$N/A/sqft
$2,752 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 1964
N/A lot
$N/A/sqft
$2,752 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janet E Gasper • Baybeach Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224031940
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.