9620 Villa Dr APT 4Fort MyersFL33905
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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 9620 Villa Dr APT 4, Fort Myers, FL, 33905 uses $66,267 cash to close to unlock $7,786/yr annual cash flow and $649/mo monthly cash flow. Total monthly income runs $1,975/mo, and a $978/mo payment keeps the spread at $649/mo. Purchase price stands at $199,900, and rental yield measures 11.86% with $1,975/mo rent. Return on cash invested shows 31.66% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 166.44% and total cumulative return in cash records $110,293. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,975/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33905, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,700 (100%) |
| Owner Occupied HU | 11,821 (57.1%) |
| Renter Occupied HU | 5,669 (27.4%) |
| Vacant Housing Units | 3,210 (15.5%) |
| Median Home Value | $385,883 |
| Average Home Value | $455,350 |
Housing Distribution
Address Breakdown
Residential
17,531
Single Family
15,853
Multi-Family
1,678
Businesses
815
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Listed by: Michael Vincent • Berkshire Hathaway Florida
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025003596