345 Mango St APT 505Fort 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 345 Mango St APT 505, Fort Myers Beach, FL, 33931 generates $2,451/mo in rent, after a $2,570/mo payment. Total monthly income is $2,451/mo. Return on cash invested sits at 12.15% in year one, and rental yield is 5.6% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 62.07% and total cumulative return in cash sums $107,217. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,451/mo property income rather than buyer’s personal income.
Condo
Built in 1995
6,817 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: Angela Diederichs • Florida Complete Realty
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225055381
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.