4109 Residence Dr APT 514Fort MyersFL33901
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 4109 Residence Dr APT 514, Fort Myers, FL, 33901 in Fort Myers achieves 2.20, rent of $1,658/mo covers the $753/mo payment 1.5x over at $167,500. Rental yield 11.88%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $46,277 over five years, with $1,543/yr in principal reduction bringing total projected return to $60,115.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.8% |
| Monthly Cash Flow | $(103) | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,658 |
| Total Monthly Debt Service | $1,694 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2005
10,872 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33901, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,959 (100%) |
| Owner Occupied HU | 4,640 (35.8%) |
| Renter Occupied HU | 6,722 (51.9%) |
| Vacant Housing Units | 1,597 (12.3%) |
| Median Home Value | $398,174 |
| Average Home Value | $484,963 |
Housing Distribution
Address Breakdown
Residential
11,138
Single Family
6,857
Multi-Family
4,281
Businesses
1,822
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
Condo
Built in 2005
10,872 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33901, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,959 (100%) |
| Owner Occupied HU | 4,640 (35.8%) |
| Renter Occupied HU | 6,722 (51.9%) |
| Vacant Housing Units | 1,597 (12.3%) |
| Median Home Value | $398,174 |
| Average Home Value | $484,963 |
Housing Distribution
Address Breakdown
Residential
11,138
Single Family
6,857
Multi-Family
4,281
Businesses
1,822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna Mitchell • Win Realty, LLC
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225047079
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.