8808 E Bay CirFort 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
Investment property for sale in Fort Myers at 8808 E Bay Cir, Fort Myers, FL, 33908 at $434,900 posts ROI 21.79% with $226/mo cash flow from $4,337/mo rent. Total monthly income equals $4,337/mo, and annual cash flow records $2,715/yr on $144,169 to close. Return on cash invested measures 21.79% and rental yield reads 11.97% at the current $434,900. Equity gained on principal adds $2,806/yr, and 5% annual appreciation supports $120,155 by year five. Five-year ROI prints 117.25% and total cumulative return in cash totals $169,037.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,337/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1997
5,776 sqft lot
$N/A/sqft
$14,692 annually 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: Brian Rodgers • Worthington Realty, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224088590
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.