14931 Park Lake Dr APT 303Fort MyersFL33919
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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 14931 Park Lake Dr APT 303, Fort Myers, FL, 33919 uses $54,366 cash to close to unlock $2,584/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $1,304/mo, and a $803/mo payment keeps the spread at $215/mo. Purchase price stands at $164,000, and rental yield measures 9.54% with $1,304/mo rent. Return on cash invested shows 24.66% in year one, and 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 128.99% and total cumulative return in cash records $70,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,304/mo property income covering a $803/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Judy Ramage • RE/MAX Trend
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026005213