9618 Hemingway Ln APT 3904Fort MyersFL33913
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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 9618 Hemingway Ln APT 3904, Fort Myers, FL, 33913 uses $101,074 cash to close to unlock $3,840/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $2,343/mo, and a $1,492/mo payment keeps the spread at $320/mo. Purchase price stands at $304,900, and rental yield measures 9.22% with $2,343/mo rent. Return on cash invested shows 23.71% in year one, and 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 123.8% and total cumulative return in cash records $125,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,343/mo property income covering a $1,492/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33913, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 14,493 (66.3%) |
| Renter Occupied HU | 2,420 (11.1%) |
| Vacant Housing Units | 4,936 (22.6%) |
| Median Home Value | $534,248 |
| Average Home Value | $646,036 |
Housing Distribution
Address Breakdown
Residential
19,079
Single Family
16,766
Multi-Family
2,313
Businesses
938
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Listed by: Linda Dwyer • Berkshire Hathaway Florida
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025024219