8978 Bristol BndFort 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 8978 Bristol Bnd, Fort Myers, FL, 33908 uses $129,252 cash to close to unlock $6,307/yr annual cash flow and $526/mo monthly cash flow. Total monthly income runs $4,337/mo, and a $1,908/mo payment keeps the spread at $526/mo. Purchase price stands at $389,900, and rental yield measures 13.35% with $4,337/mo rent. Return on cash invested shows 24.79% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 133.73% and total cumulative return in cash records $172,849. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,337/mo property income covering a $1,908/mo payment rather than investor’s personal income.
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: Matt Finn • Premier Florida Realty of SWFL
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224070136
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.