823 Courtington Ln #1Fort MyersFL33919
INVESTMENT ANALYSIS
Investment Verdict
Solid Income823 Courtington Ln #1, Fort Myers, FL, 33919 in Fort Myers carries a 1.68 coverage ratio, rent of $868/mo is 1.68 times the $517/mo payment. Rental yield 9.06%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $115,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $31,772; total projected cumulative return: $50,591.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.8% |
| Monthly Cash Flow | $(355) | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $868 |
| Total Monthly Debt Service | $717 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
2,500 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1973
2,500 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tanja Richards • Coldwell Banker Realty
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026004754