14931 Park Lake Dr APT 104, Fort Myers, FL, 33919 | $220/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Fort Myers at 14931 Park Lake Dr APT 104, Fort Myers, FL, 33919 offers a 9.33% rental yield on a $193,000 purchase with $1,501/mo rent. Total monthly income registers $1,501/mo, and a $945/mo payment leaves $220/mo available for distribution. Annual cash flow reaches $2,638/yr on $63,980 to close, and return on cash invested stands at 24.03% in year one. Equity gained on principal adds $1,245/yr while 5% annual appreciation supports $53,322 over five years. Portfolio math shows five-year ROI at 125.54% and total cumulative return in cash at $80,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,501/mo property income against a $945/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2001

0.45 Acres lot

$N/A/sqft

No HOA