5583 Double Eagle Circle Ave #4114ImmokaleeFL34142
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 5583 Double Eagle Circle Ave #4114, Immokalee, FL, 34142 in Immokalee at $224,900 earns $1,615/mo in rent and nets $130/mo after the $1,011/mo payment, a 8.64% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $62,136 over five years. Ziffy Mortgage underwrites this on a 1.60 DSCR without U.S. credit history. With $2,071/yr in principal paydown, total projected return reaches $38,223.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 8.0% |
| Monthly Cash Flow | $130 | $300 |
City averages based on Immokalee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,615 |
| Total Monthly Debt Service | $2,327 |
| DSCR Ratio | 0.69x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2024
N/A lot
$N/A/sqft
$11,090 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34142, Immokalee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,170 (100%) |
| Owner Occupied HU | 7,515 (57.1%) |
| Renter Occupied HU | 4,257 (32.3%) |
| Vacant Housing Units | 1,398 (10.6%) |
| Median Home Value | $403,752 |
| Average Home Value | $472,507 |
Housing Distribution
Address Breakdown
Residential
10,496
Single Family
9,125
Multi-Family
1,371
Businesses
523
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 2024
N/A lot
$N/A/sqft
$11,090 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34142, Immokalee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,170 (100%) |
| Owner Occupied HU | 7,515 (57.1%) |
| Renter Occupied HU | 4,257 (32.3%) |
| Vacant Housing Units | 1,398 (10.6%) |
| Median Home Value | $403,752 |
| Average Home Value | $472,507 |
Housing Distribution
Address Breakdown
Residential
10,496
Single Family
9,125
Multi-Family
1,371
Businesses
523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dave Meyers • Lennar Realty Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225054258
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.