24 Doubloon WayFort 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 24 Doubloon Way, Fort Myers Beach, FL, 33931 uses $58,012 cash to close to unlock $19,569/yr annual cash flow and $1,631/mo monthly cash flow. Total monthly income runs $2,810/mo, and a $857/mo payment keeps the spread at $1,631/mo. Purchase price stands at $174,999, and rental yield measures 19.27% with $2,810/mo rent. Return on cash invested shows 53.64% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 284.46% and total cumulative return in cash records $165,019. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,810/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
0.38 Acres 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: Courtney Cooper • Coldwell Banker Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224072675
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.