8429 Coral DrFort MyersFL33967
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 8429 Coral Dr, Fort Myers, FL, 33967 in Fort Myers hard to pass up. The 11.8% gross yield on a $309,900 purchase results in $3,047/mo in rent and $990/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.19). Annual cash flow of $11,883, five-year appreciation of $85,620, and $2,854/yr in equity build-up combine for a projected total cumulative return of $181,863.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.8% |
| Monthly Cash Flow | $990 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,047 |
| Total Monthly Debt Service | $1,933 |
| DSCR Ratio | 1.58x |
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.
Single Family
Built in 1987
8,276 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
Single Family
Built in 1987
8,276 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Noah Otalvaro • Steelbridge Realty LLC
Mls Name: SWFLMLS
Mls ID: #225061932