24654 Canary Island Ct UNIT 102Bonita SpringsFL34134
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 24654 Canary Island Ct UNIT 102, Bonita Springs, FL, 34134 in Bonita Springs. Priced at $688,900, it generates $9,760/mo in gross rent and $4,227/mo in net monthly cash flow, a 17% yield that comfortably supports the 3.15 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $50,721. Five-year appreciation: $190,330. Equity from principal paydown: $6,345/yr. Total projected cumulative return: $538,733.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 17% | 6.2% |
| Monthly Cash Flow | $4,227 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $9,760 |
| Total Monthly Debt Service | $5,259 |
| DSCR Ratio | 1.86x |
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 1996
5,431 sqft lot
$N/A/sqft
$11,534 annually HOA
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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
Condo
Built in 1996
5,431 sqft lot
$N/A/sqft
$11,534 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices