8331 Bernwood Cove Loop APT 1408Fort MyersFL33966
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 8331 Bernwood Cove Loop APT 1408, Fort Myers, FL, 33966 in Fort Myers at $210,900 earns $1,781/mo in rent and nets $8/mo after the $948/mo payment, a 10.13% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $58,268 over five years. Ziffy Mortgage underwrites this on a 1.88 DSCR without U.S. credit history. With $1,942/yr in principal paydown, total projected return reaches $82,586.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.8% |
| Monthly Cash Flow | $8 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,781 |
| Total Monthly Debt Service | $1,689 |
| DSCR Ratio | 1.05x |
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 2006
4,656 sqft lot
$N/A/sqft
$3,552 annually 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 2006
4,656 sqft lot
$N/A/sqft
$3,552 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rocio Cuellar • Land Freedom Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224102385
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.