5303 Summerlin Rd #307Fort 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
Rental property for sale in Fort Myers at 5303 Summerlin Rd #307, Fort Myers, FL, 33919 generates $1,394/mo in rent and, after a $543/mo payment, leaves $248/mo in cash flow. Total monthly income is $1,394/mo, and annual cash flow is $2,972/yr on $36,797 invested. Return on cash invested sits at 27.99% in year one, and rental yield is 15.07% on a $111,000 entry. Equity gained on principal adds $716/yr, while 5% annual appreciation builds toward $30,667 over five years. Five-year ROI reaches 151.65% and total cumulative return in cash sums $55,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,394/mo property income rather than buyer’s personal income.
Condo
Built in 1985
5,884 sqft lot
$N/A/sqft
No HOA
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Listed by: Mike Rodriguez • Palm Paradise Realty Group
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225062115
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.