21490 Bay Village Dr APT 264Fort 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
Investment property for sale in Fort Myers Beach at 21490 Bay Village Dr APT 264, Fort Myers Beach, FL, 33931 uses $95,804 cash to close to unlock $356/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $1,948/mo, and a $1,415/mo payment keeps the spread at $30/mo. Purchase price stands at $289,000, and rental yield measures 8.09% with $1,948/mo rent. Return on cash invested shows 20.28% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 105.43% and total cumulative return in cash records $101,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,948/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A 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: Rhonda Jacob • Royal Shell Real Estate, Inc.
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025025637