21 Channel Ln #21Fort MyersFL33905
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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 21 Channel Ln #21, Fort Myers, FL, 33905 with 5% annual appreciation on a $112,900 basis while $3,334/mo rent supports operations. Total monthly income totals $3,334/mo and a $553/mo payment preserves $1,534/mo for cash returns. Annual cash flow comes to $18,412/yr on $37,426 deployed, and return on cash invested reaches 69.11% in year one. Equity gained on principal adds $729/yr, and five-year appreciation sums $31,192 alongside rental yield of 35.44%. Five-year ROI measures 379.52% and total cumulative return in cash totals $142,042.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,334/mo property income versus a $553/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1969
N/A lot
$N/A/sqft
$1,050 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33905, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,700 (100%) |
| Owner Occupied HU | 11,821 (57.1%) |
| Renter Occupied HU | 5,669 (27.4%) |
| Vacant Housing Units | 3,210 (15.5%) |
| Median Home Value | $385,883 |
| Average Home Value | $455,350 |
Housing Distribution
Address Breakdown
Residential
17,531
Single Family
15,853
Multi-Family
1,678
Businesses
815
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Listed by: Julie Houck • SUNSET COMMUNITIES LLC
Mls Name: My State MLS
Mls ID: #11258196