2366 E Mall DR #514Fort MyersFL33901
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 2366 E Mall DR #514, Fort Myers, FL, 33901 in Fort Myers clears it at 1.73, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.33%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $38,376; $1,279/yr in principal equity; total projected return: $63,143.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.8% |
| Monthly Cash Flow | $(483) | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,080 |
| Total Monthly Debt Service | $867 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
6,481 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33901, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,959 (100%) |
| Owner Occupied HU | 4,640 (35.8%) |
| Renter Occupied HU | 6,722 (51.9%) |
| Vacant Housing Units | 1,597 (12.3%) |
| Median Home Value | $398,174 |
| Average Home Value | $484,963 |
Housing Distribution
Address Breakdown
Residential
11,138
Single Family
6,857
Multi-Family
4,281
Businesses
1,822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1979
6,481 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33901, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,959 (100%) |
| Owner Occupied HU | 4,640 (35.8%) |
| Renter Occupied HU | 6,722 (51.9%) |
| Vacant Housing Units | 1,597 (12.3%) |
| Median Home Value | $398,174 |
| Average Home Value | $484,963 |
Housing Distribution
Address Breakdown
Residential
11,138
Single Family
6,857
Multi-Family
4,281
Businesses
1,822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: SWFLMLS
Mls ID: #226011465