4240 Steamboat Bnd APT 403, Fort Myers, FL, 33919 | $524/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Fort Myers at 4240 Steamboat Bnd APT 403, Fort Myers, FL, 33919 earns $524/mo cash flow from $1,645/mo rent with a $827/mo payment. Total monthly income totals $1,645/mo, and annual cash flow totals $6,284/yr on $56,024 capital. ROI tracks 31.13% on current figures, and rental yield reads 11.68% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 163.62% and total cumulative return in cash sums $91,663. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,645/mo property income instead of your personal income.

Condo

Built in 1986

6,403 sqft lot

$N/A/sqft

No HOA