9055 Colby Dr APT 2213,Fort Myers,FL,33919

Investment Highlights

Investment property for sale in Fort Myers at 9055 Colby Dr APT 2213, Fort Myers, FL, 33919 offers a 8.96% rental yield on a $219,900 purchase with $1,642/mo rent. Total monthly income registers $1,642/mo, and a $1,076/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,196/yr on $72,897 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 119.65% and total cumulative return in cash at $87,220. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,642/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.