13618 Cherry Tree CtFort MyersFL33912
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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
Investment Highlights
Investment property for sale in Fort Myers at 13618 Cherry Tree Ct, Fort Myers, FL, 33912 listed at $378,400 pairs $3,412/mo rent with a $1,852/mo payment to leave $793/mo cash flow. Total monthly income runs $3,412/mo, and annual cash flow reaches $9,515/yr on $125,440 cash to close. Return on cash invested measures 27.49% in year one, and rental yield registers 10.82% at a $378,400 basis. Equity gained on principal adds $2,442/yr, and annual property appreciation at 5% supports $104,545 by year five. Five-year ROI tracks 144.46% and total cumulative return in cash totals $181,214. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,412/mo property income relative to a $1,852/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
8,799 sqft lot
$N/A/sqft
$1,296 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33912, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,254 (100%) |
| Owner Occupied HU | 7,960 (60.1%) |
| Renter Occupied HU | 2,220 (16.7%) |
| Vacant Housing Units | 3,074 (23.2%) |
| Median Home Value | $488,563 |
| Average Home Value | $541,601 |
Housing Distribution
Address Breakdown
Residential
11,746
Single Family
9,150
Multi-Family
2,596
Businesses
1,257
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Listed by: Kevin McCauley • Hero Real Estate & Co
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224099803
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.