14300 Riva Del Lago Dr APT 1402Fort MyersFL33907
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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 14300 Riva Del Lago Dr APT 1402, Fort Myers, FL, 33907 earns from $3,588/mo rent with a $1,958/mo payment. Total monthly income totals $3,588/mo. ROI tracks 18.78% on current figures, and rental yield reads 10.76% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 100.83% and total cumulative return in cash sums $133,696. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,588/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$2,891 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33907, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,782 (100%) |
| Owner Occupied HU | 5,453 (36.9%) |
| Renter Occupied HU | 6,621 (44.8%) |
| Vacant Housing Units | 2,708 (18.3%) |
| Median Home Value | $332,665 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
12,950
Single Family
7,064
Multi-Family
5,886
Businesses
1,794
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Listed by: Brandon Lucas • Realty One Group MVP
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11728172
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.