9647 Hemingway Ln APT 3405Fort 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 9647 Hemingway Ln APT 3405, Fort Myers, FL, 33913 listed at $242,200 pairs $3,692/mo rent with a $1,185/mo payment to leave $1,134/mo cash flow. Total monthly income runs $3,692/mo, and annual cash flow reaches $13,613/yr on $80,289 cash to close. Return on cash invested measures 36.86% in year one, and rental yield registers 18.29% at a $242,200 basis. Equity gained on principal adds $1,563/yr, and annual property appreciation at 5% supports $66,915 by year five. Five-year ROI tracks 199.52% and total cumulative return in cash totals $160,197. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,692/mo property income relative to a $1,185/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
$10,200 annually 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: Dave Lambert • Coldwell Banker Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224047515
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.