7150 Estero BLVD #506Fort Myers BeachFL33931
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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 Beach at 7150 Estero BLVD #506, Fort Myers Beach, FL, 33931 offers a 10.6% rental yield on a $679,000 purchase with $6,000/mo rent. Total monthly income registers $6,000/mo, and a $3,323/mo payment leaves $1,494/mo available for distribution. Annual cash flow reaches $17,933/yr on $223,391 to close, and return on cash invested stands at 28.09% in year one. Equity gained on principal adds $4,381/yr while 5% annual appreciation supports $187,595 over five years. Portfolio math shows five-year ROI at 147.26% and total cumulative return in cash at $328,967. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,000/mo property income against a $3,323/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33931, Fort Myers Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,306 (100%) |
| Owner Occupied HU | 4,360 (32.8%) |
| Renter Occupied HU | 679 ( 5.1%) |
| Vacant Housing Units | 8,267 (62.1%) |
| Median Home Value | $615,328 |
| Average Home Value | $676,219 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
2,642
Multi-Family
2,719
Businesses
226
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Listed by: Kathryn Zangrilli • Broker Brothers LLC
Mls Name: SWFLMLS
Mls ID: #226003613