17511 Canal Cove CtFort 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 17511 Canal Cove Ct, Fort Myers Beach, FL, 33931 generates $4,272/mo in rent and, after a $2,658/mo payment, leaves $452/mo in cash flow. Total monthly income is $4,272/mo, and annual cash flow is $5,419/yr on $178,647 invested. Return on cash invested sits at 23.09% in year one, and rental yield is 9.44% on a $543,000 entry. Equity gained on principal adds $3,504/yr, while 5% annual appreciation builds toward $150,021 over five years. Five-year ROI reaches 121.01% and total cumulative return in cash sums $216,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,272/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
6,359 sqft lot
$N/A/sqft
$2,600 annually 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: Myrnalyn Murray • Sellstate Achievers Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225016553
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.