8638 Manderston CtFort MyersFL33912
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 8638 Manderston Ct, Fort Myers, FL, 33912 in Fort Myers: $3,137/mo in rent, $602/mo in net income, 9.85% gross yield, 1.83 DSCR, all at $382,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $105,540 in appreciation and $3,518/yr in principal paydown projects total cumulative return of $184,323.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.8% |
| Monthly Cash Flow | $602 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,137 |
| Total Monthly Debt Service | $2,383 |
| DSCR Ratio | 1.32x |
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 1998
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33912, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,254 (100%) |
| Owner Occupied HU | 7,960 (60.1%) |
| Renter Occupied HU | 2,220 (16.7%) |
| Vacant Housing Units | 3,074 (23.2%) |
| Median Home Value | $488,563 |
| Average Home Value | $541,601 |
Housing Distribution
Address Breakdown
Residential
11,746
Single Family
9,150
Multi-Family
2,596
Businesses
1,257
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 1998
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33912, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,254 (100%) |
| Owner Occupied HU | 7,960 (60.1%) |
| Renter Occupied HU | 2,220 (16.7%) |
| Vacant Housing Units | 3,074 (23.2%) |
| Median Home Value | $488,563 |
| Average Home Value | $541,601 |
Housing Distribution
Address Breakdown
Residential
11,746
Single Family
9,150
Multi-Family
2,596
Businesses
1,257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dean Chiusano • John R. Wood Properties
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225025900
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.