261 Delmar AveFort 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 261 Delmar Ave, Fort Myers Beach, FL, 33931 priced at $1,495,000 converts $18,058/mo rent into $8,137/mo cash flow after a $7,317/mo obligation. Total monthly income equals $18,058/mo, and annual cash flow totals $97,647/yr on $484,380 invested. Return on cash invested prints 40.53% in year one, and rental yield reads 14.49% against a $1,495,000 entry. Equity gained on principal adds $9,647/yr, while 5% annual appreciation compiles into $413,041 by year five. Five-year ROI reaches 213.92% and total cumulative return in cash sums $1,036,189. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $18,058/mo property income covering a $7,317/mo payment, not borrower’s personal income.
Single Family
Built in 2020
3,998 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: John Chappelle • Nesbit Real Estate, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #223020188
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.