4263 Island Cir #3Fort MyersFL33919
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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 4263 Island Cir #3, Fort Myers, FL, 33919 uses $76,079 cash to close to unlock $999/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $2,218/mo, and a $1,123/mo payment keeps the spread at $83/mo. Purchase price stands at $229,500, and rental yield measures 11.6% with $2,218/mo rent. Return on cash invested shows 21.22% in year one, and 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 114.01% and total cumulative return in cash records $86,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,218/mo property income covering a $1,123/mo payment rather than investor’s personal income.
Condo
Built in 1974
5,741 sqft lot
$N/A/sqft
$7,344 annually HOA
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Listed by: Nicole Costa • CoastalEdge Real Estate LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225000411
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.