140 Estero BLVD #2302Fort Myers BeachFL33931
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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
Rental property for sale in Fort Myers Beach at 140 Estero BLVD #2302, Fort Myers Beach, FL, 33931 generates $1,625/mo in rent and, after a $1,116/mo payment, leaves $112/mo in cash flow. Total monthly income is $1,625/mo, and annual cash flow is $1,343/yr on $75,582 invested. Return on cash invested sits at 21.69% in year one, and rental yield is 8.55% on a $228,000 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 112.97% and total cumulative return in cash sums $85,383. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,625/mo property income rather than buyer’s personal income.
Condo
Built in 1990
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33931, Fort Myers Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,306 (100%) |
| Owner Occupied HU | 4,360 (32.8%) |
| Renter Occupied HU | 679 ( 5.1%) |
| Vacant Housing Units | 8,267 (62.1%) |
| Median Home Value | $615,328 |
| Average Home Value | $676,219 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
2,642
Multi-Family
2,719
Businesses
226
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Listed by: Debbie Turkett • Premiere Plus Realty Company
Mls Name: SWFLMLS
Mls ID: #225067208