7400 College Pkwy APT 56AFort MyersFL33907
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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 7400 College Pkwy APT 56A, Fort Myers, FL, 33907 uses $53,007 cash to close to unlock $2,646/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,282/mo, and a $783/mo payment keeps the spread at $221/mo. Purchase price stands at $159,900, and rental yield measures 9.62% with $1,282/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 130.23% and total cumulative return in cash records $69,030. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,282/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1975
7,932 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33907, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,782 (100%) |
| Owner Occupied HU | 5,453 (36.9%) |
| Renter Occupied HU | 6,621 (44.8%) |
| Vacant Housing Units | 2,708 (18.3%) |
| Median Home Value | $332,665 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
12,950
Single Family
7,064
Multi-Family
5,886
Businesses
1,794
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Listed by: Angie Nichols • Grow Prosper Move Realty
Mls Name: Florida Gulf Coast MLS
Mls ID: #225062543