831 Lake McGregor DrFort MyersFL33919
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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 831 Lake McGregor Dr, Fort Myers, FL, 33919 offers $2,647/mo rent that, after a $1,737/mo payment, leaves $292/mo cash flow. Total monthly income is $2,647/mo, and annual cash flow is $3,503/yr on $117,649 cash. Return on cash invested measures 22.89% in year one, and rental yield stands at 8.95% at a $354,900 entry. Equity gained on principal adds $2,290/yr while 5% annual appreciation compounds into $98,052 by year five. Five-year ROI records 119.39% and total cumulative return in cash reaches $140,464. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,647/mo property income versus a $1,737/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
9,374 sqft lot
$N/A/sqft
No HOA
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Listed by: Calee Pasek • Royal Palm Realty of SW FL LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225011514
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.