22748 Island Pines Way APT 401Fort 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 22748 Island Pines Way APT 401, Fort Myers Beach, FL, 33931 generates $6,106/mo in rent and, after a $2,396/mo payment, leaves $2,756/mo in cash flow. Total monthly income is $6,106/mo, and annual cash flow is $33,075/yr on $162,269 invested. Return on cash invested sits at 40.29% in year one, and rental yield is 14.97% on a $489,500 entry. Equity gained on principal adds $3,159/yr, while 5% annual appreciation builds toward $135,240 over five years. Five-year ROI reaches 213.02% and total cumulative return in cash sums $345,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,106/mo property income rather than buyer’s personal income.
Condo
Built in 1995
4,782 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: Katherine Stobb • Eventide Realty Services LLC
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #2025005566
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.