34 Fontein Ct #505Fort MyersFL33912
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
Investment Highlights
Rental property for sale in Fort Myers at 34 Fontein Ct #505, Fort Myers, FL, 33912 generates $945/mo in rent and, after a $587/mo payment, leaves $149/mo in cash flow. Total monthly income is $945/mo, and annual cash flow is $1,790/yr on $39,747 invested. Return on cash invested sits at 24.41% in year one, and rental yield is 9.46% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 127.68% and total cumulative return in cash sums $50,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $945/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33912, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,254 (100%) |
| Owner Occupied HU | 7,960 (60.1%) |
| Renter Occupied HU | 2,220 (16.7%) |
| Vacant Housing Units | 3,074 (23.2%) |
| Median Home Value | $488,563 |
| Average Home Value | $541,601 |
Housing Distribution
Address Breakdown
Residential
11,746
Single Family
9,150
Multi-Family
2,596
Businesses
1,257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandra Bergman • Cove Communities
Mls Name: My State MLS
Mls ID: #11329845