163 Pearl StFort Myers BeachFL33931
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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 Beach at 163 Pearl St, Fort Myers Beach, FL, 33931 offers $6,516/mo rent that, after a $7,954/mo payment. Total monthly income is $6,516/mo. Return on cash invested measures 10.64% in year one, and rental yield stands at 4.81% at a $1,625,000 entry. Equity gained on principal adds $10,486/yr while 5% annual appreciation compounds into $448,958 by year five. Five-year ROI records 53.64% and total cumulative return in cash reaches $282,436. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,516/mo property income versus a $7,954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
3,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33931, Fort Myers Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,306 (100%) |
| Owner Occupied HU | 4,360 (32.8%) |
| Renter Occupied HU | 679 ( 5.1%) |
| Vacant Housing Units | 8,267 (62.1%) |
| Median Home Value | $615,328 |
| Average Home Value | $676,219 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
2,642
Multi-Family
2,719
Businesses
226
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Listed by: Carolyn Caney • Fort Myers Beach Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224006267
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.