7685 Bay Lake DrFort 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 7685 Bay Lake Dr, Fort Myers, FL, 33907 listed at $369,888 pairs $2,170/mo rent with a $1,810/mo payment. Total monthly income runs $2,170/mo. Return on cash invested measures 17.13% in year one, and rental yield registers 7.04% at a $369,888 basis. Equity gained on principal adds $2,387/yr, and annual property appreciation at 5% supports $102,193 by year five. Five-year ROI tracks 88.51% and total cumulative return in cash totals $108,534. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,170/mo property income relative to a $1,810/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2001
5,680 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: Kamal Mahajan • Sellstate Achievers Realty
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025002492