740 Estero Blvd #A7Fort 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 740 Estero Blvd #A7, Fort Myers Beach, FL, 33931 with 5% annual appreciation on a $1,600,000 basis while $9,031/mo rent supports operations. 38% in year one. Equity gained on principal adds $10,325/yr, and five-year appreciation sums $442,051 alongside rental yield of 6.77%. Five-year ROI measures 74.56% and total cumulative return in cash totals $386,511. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $9,031/mo property income versus a $7,831/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2003
4,673 sqft lot
$N/A/sqft
$11,988 annually 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: Thaddeus Deitriech • Paradise Realty of SW FL LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224023640
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.