6123 Lake Front DRFort MyersFL33908
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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 6123 Lake Front DR, Fort Myers, FL, 33908 offers a 9.09% rental yield on a $199,000 purchase with $1,507/mo rent. Total monthly income registers $1,507/mo, and a $974/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,237/yr on $65,969 to close, and return on cash invested stands at 23.3% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 121.65% and total cumulative return in cash at $80,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
5,893 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33908, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,029 (100%) |
| Owner Occupied HU | 15,858 (51.1%) |
| Renter Occupied HU | 5,421 (17.5%) |
| Vacant Housing Units | 9,750 (31.4%) |
| Median Home Value | $495,639 |
| Average Home Value | $585,764 |
Housing Distribution
Address Breakdown
Residential
26,065
Single Family
17,390
Multi-Family
8,675
Businesses
1,171
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Listed by: Ryan Kipper • Call It Closed Intl Realty
Mls Name: SWFLMLS
Mls ID: #225074162