5260 S Landings Drive 805 Fort Myers, FL 33919
Condo with river views, golf, and marina access.
Property Features for 5260 S Landings Drive 805
General Information
- Standard status
- Active
- Size
- 2,215 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing office Cornerstone Coastal Properties (239) 218-8295
Listing date Oct 22, 2024
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Bundled golf community with an 18‑hole executive course
- Enjoy the riverfront setting with river views from every room
- Gated community with 24/7 guard
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.6k | $23.28 |
| − Vacancy | −$2.2k | −$0.98 |
| EGI | $49.4k | $22.30 |
| − OpEx | −$22.2k | −$10.04 |
| NOI | $27.2k | $12.27 |