7406 Lake Breeze Dr APT 115Fort 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
Rental property for sale in Fort Myers at 7406 Lake Breeze Dr APT 115, Fort Myers, FL, 33907 generates $1,636/mo in rent, after a $1,165/mo payment. Total monthly income is $1,636/mo. Return on cash invested sits at 0.69% in year one, and rental yield is 8.25% on a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 7.68% and total cumulative return in cash sums $6,058. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,636/mo property income rather than buyer’s personal income.
Condo
Built in 1989
0.26 Acres lot
$N/A/sqft
$15,840 annually 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: Joni Willoughby • Seven Lakes Real Estate
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224096164
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.