6461 Aragon Way APT 102Fort MyersFL33966
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 6461 Aragon Way APT 102, Fort Myers, FL, 33966 in Fort Myers: $2,444/mo in rent, $500/mo net, 13.84% gross yield, all on a $212,000 acquisition. The 2.56 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 $58,572 in value, and $1,953/yr in principal paydown steadily builds equity. Projected total cumulative return: $115,359.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.8% | 6.8% |
| Monthly Cash Flow | $500 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,444 |
| Total Monthly Debt Service | $1,860 |
| DSCR Ratio | 1.31x |
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 1998
0.26 Acres lot
$N/A/sqft
$434 monthly 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 1998
0.26 Acres lot
$N/A/sqft
$434 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dave Lambert • Coldwell Banker Realty
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225047372
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