8651 Colony Trace DrFort MyersFL33908
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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 8651 Colony Trace Dr, Fort Myers, FL, 33908 offers $5,354/mo rent that, after a $3,108/mo payment, leaves $960/mo cash flow. Total monthly income is $5,354/mo, and annual cash flow is $11,521/yr on $208,915 cash. Return on cash invested measures 25.58% in year one, and rental yield stands at 10.12% at a $635,000 entry. Equity gained on principal adds $4,098/yr while 5% annual appreciation compounds into $175,439 by year five. Five-year ROI records 134.17% and total cumulative return in cash reaches $280,304. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,354/mo property income versus a $3,108/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33908, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,029 (100%) |
| Owner Occupied HU | 15,858 (51.1%) |
| Renter Occupied HU | 5,421 (17.5%) |
| Vacant Housing Units | 9,750 (31.4%) |
| Median Home Value | $495,639 |
| Average Home Value | $585,764 |
Housing Distribution
Address Breakdown
Residential
26,065
Single Family
17,390
Multi-Family
8,675
Businesses
1,171
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Listed by: Isabel Arias Squires • Redfin Corporation
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225047823
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.