423 Lazy WayFort 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
Investment property for sale in Fort Myers Beach at 423 Lazy Way, Fort Myers Beach, FL, 33931 at $1,450,000 posts ROI 5.02% with from $3,611/mo rent. Total monthly income equals $3,611/mo. Return on cash invested measures 5.02% and rental yield reads 2.99% at the current $1,450,000. Equity gained on principal adds $9,357/yr, and 5% annual appreciation supports $400,608 by year five. Five-year ROI prints 23.48% and total cumulative return in cash totals $110,289. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,611/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1974
6,011 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: Dennis Wagaman • Realty One Group MVP
Mls Name: SWFLMLS
Mls ID: #225083358