5303 Summerlin Rd #310Fort MyersFL33919
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 5303 Summerlin Rd #310, Fort Myers, FL, 33919 in Fort Myers: $1,783/mo in rent, $988/mo net, 17.86% gross yield, all on a $119,800 acquisition. The 3.31 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $33,099 in value, and $1,103/yr in principal paydown steadily builds equity. Projected total cumulative return: $109,251.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.9% | 6.8% |
| Monthly Cash Flow | $988 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,783 |
| Total Monthly Debt Service | $747 |
| DSCR Ratio | 2.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
5,884 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1985
5,884 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bodo Kleber • Florida Homes Realty Group Inc
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025006512