14831 Park Lake Dr APT 111Fort MyersFL33919
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
Investment Highlights
Investment property for sale in Fort Myers at 14831 Park Lake Dr APT 111, Fort Myers, FL, 33919 uses $53,703 cash to close to unlock $1,635/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,783/mo, and a $793/mo payment keeps the spread at $136/mo. Purchase price stands at $162,000, and rental yield measures 13.21% with $1,783/mo rent. Return on cash invested shows 22.95% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 124.45% and total cumulative return in cash records $66,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,783/mo property income covering a $793/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$6,200 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Veronika Meyers • Premiere Plus Realty Company
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224014263
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.