14831 Park Lake Dr APT 309Fort MyersFL33919
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 14831 Park Lake Dr APT 309, Fort Myers, FL, 33919 in Fort Myers achieves a 2.20 ratio at $223,900: $2,218/mo rent versus $1,007/mo debt service. Rental yield 11.89%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 11.89% yield compounds alongside 5% annual appreciation projecting $61,859 in value. Total projected cumulative return: $87,971.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.8% |
| Monthly Cash Flow | $(10) | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,218 |
| Total Monthly Debt Service | $2,138 |
| DSCR Ratio | 1.04x |
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 2001
8,032 sqft lot
$N/A/sqft
$8,400 annually HOA
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
Condo
Built in 2001
8,032 sqft lot
$N/A/sqft
$8,400 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trish Kirby • Realty One Group MVP
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224067309
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.