14980 Lake Olive DrFort 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
Rental property for sale in Fort Myers at 14980 Lake Olive Dr, Fort Myers, FL, 33919 generates $7,226/mo in rent and, after a $3,411/mo payment, leaves $2,346/mo in cash flow. Total monthly income is $7,226/mo, and annual cash flow is $28,148/yr on $229,313 invested. Return on cash invested sits at 32.34% in year one, and rental yield is 12.44% on a $697,000 entry. Equity gained on principal adds $4,498/yr, while 5% annual appreciation builds toward $192,568 over five years. Five-year ROI reaches 170.52% and total cumulative return in cash sums $391,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,226/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
10,236 sqft lot
$N/A/sqft
$2,556 annually HOA
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Listed by: Jason Schroeder • Weichert Realtors Agency ONE
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224061833
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.