4122 Residence Drive 120 Fort Myers, FL 33901
Centrally located condo with lanai, close to amenities.
Property Features for 4122 Residence Drive 120
General Information
- Standard status
- Active
- Size
- 697 SF
- Lot size
- 0.19 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2005
Listing office Premiere Plus Realty Company (239) 699-5458
Listing date Nov 1, 2024
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Central location within walking distance to malls, restaurants, coffee shops, and shopping.
- Close proximity to the River District and historic downtown Fort Myers with art galleries, antique shops, restaurants, convention center, and marina.
- Spacious 1‑bedroom condo with a large bathroom.
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 | $16.2k | $23.28 |
| − Vacancy | −$681 | −$0.98 |
| EGI | $15.5k | $22.30 |
| − OpEx | −$7.0k | −$10.04 |
| NOI | $8.5k | $12.27 |