4135 Residence DR #624Fort MyersFL33901
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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
Investment property for sale in Fort Myers at 4135 Residence DR #624, Fort Myers, FL, 33901 offers a 9.56% rental yield on a $194,900 purchase with $1,553/mo rent. Total monthly income registers $1,553/mo, and a $954/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,115/yr on $64,609 to close, and return on cash invested stands at 24.73% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 129.31% and total cumulative return in cash at $83,547. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,553/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
8,276 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
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Listed by: Michael C Monge • Keller Williams Elevate Luxury
Mls Name: SWFLMLS
Mls ID: #226000034