8663 Olinda Way APT 7503Fort MyersFL33912
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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
Investment property for sale in Fort Myers at 8663 Olinda Way APT 7503, Fort Myers, FL, 33912 uses $94,146 cash to close to unlock $4,636/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $2,271/mo, and a $1,390/mo payment keeps the spread at $386/mo. Purchase price stands at $284,000, and rental yield measures 9.6% with $2,271/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 129.86% and total cumulative return in cash records $122,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,271/mo property income covering a $1,390/mo payment rather than investor’s personal income.
Townhouse
Built in 2015
N/A 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
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Listed by: Tom Kiddy, P.A. • The Keyes Company
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025026433