450 Old San Carlos Blvd #303Fort 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 450 Old San Carlos Blvd #303, Fort Myers Beach, FL, 33931 uses $259,877 cash to close to unlock $9,099/yr annual cash flow and $758/mo monthly cash flow. Total monthly income runs $6,000/mo, and a $3,866/mo payment keeps the spread at $758/mo. Purchase price stands at $789,900, and rental yield measures 9.12% with $6,000/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $218,235 over five years. Five-year ROI reaches 122.99% and total cumulative return in cash records $319,625. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,000/mo property income covering a $3,866/mo payment rather than investor’s personal income.
Condo
Built in 2010
N/A 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: Dan Farber • HelloSold LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026003276