1453 Saddle Woode Dr #5HFort MyersFL33919
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 1453 Saddle Woode Dr #5H, Fort Myers, FL, 33919 in Fort Myers. At $150,000 it earns $1,903/mo in rent and distributes $301/mo to the owner after the $674/mo payment, a consistent 15.23% yield. DSCR 2.82 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $41,442 in value; $1,382/yr in principal paydown compounds ownership stake. Total projected return: $79,268.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 6.8% |
| Monthly Cash Flow | $301 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,903 |
| Total Monthly Debt Service | $1,542 |
| DSCR Ratio | 1.23x |
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 1977
N/A lot
$N/A/sqft
$6,900 annually HOA
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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
Condo
Built in 1977
N/A lot
$N/A/sqft
$6,900 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices