7400 College Pkwy APT 78DFort 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 78D, Fort Myers, FL, 33907 offers a 9.09% rental yield on a $180,000 purchase with $1,364/mo rent. Total monthly income registers $1,364/mo, and a $881/mo payment leaves $170/mo available for distribution. Annual cash flow reaches $2,034/yr on $59,670 to close, and return on cash invested stands at 23.32% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 121.74% and total cumulative return in cash at $72,641. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,364/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
5,048 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: Robin Caywood • Century 21 Selling Paradise
Mls Name: Florida Gulf Coast MLS
Mls ID: #225061596