2366 E Mall Dr APT 412Fort MyersFL33901
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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 2366 E Mall Dr APT 412, Fort Myers, FL, 33901 uses $35,139 cash to close to unlock $6,053/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $1,837/mo, and a $519/mo payment keeps the spread at $504/mo. Purchase price stands at $106,000, and rental yield measures 20.8% with $1,837/mo rent. Return on cash invested shows 37.13% in year one, and 5% annual appreciation builds toward $29,286 over five years. Five-year ROI reaches 203.68% and total cumulative return in cash records $71,572. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,837/mo property income covering a $519/mo payment rather than investor’s personal income.
Condo
Built in 1979
5,127 sqft lot
$N/A/sqft
$559 monthly 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
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Listed by: Linda Elliott • ELLIOTT COASTAL REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8383591
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511