19721 Marino Lake CIR #1002Miromar LakesFL33913
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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 Miromar Lakes at 19721 Marino Lake CIR #1002, Miromar Lakes, FL, 33913 offers a 9.2% rental yield on a $689,000 purchase with $5,280/mo rent. Total monthly income registers $5,280/mo, and a $3,372/mo payment leaves $708/mo available for distribution. Annual cash flow reaches $8,496/yr on $226,681 to close, and return on cash invested stands at 23.81% in year one. Equity gained on principal adds $4,446/yr while 5% annual appreciation supports $190,358 over five years. Portfolio math shows five-year ROI at 124.3% and total cumulative return in cash at $281,766. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,280/mo property income against a $3,372/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33913, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 14,493 (66.3%) |
| Renter Occupied HU | 2,420 (11.1%) |
| Vacant Housing Units | 4,936 (22.6%) |
| Median Home Value | $534,248 |
| Average Home Value | $646,036 |
Housing Distribution
Address Breakdown
Residential
19,079
Single Family
16,766
Multi-Family
2,313
Businesses
938
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Listed by: Jennifer Springer Rinden • Orchid Realty International
Mls Name: SWFLMLS
Mls ID: #225067455