10 Garden DrFort MyersFL33908
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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
Rental property for sale in Fort Myers at 10 Garden Dr, Fort Myers, FL, 33908 priced at $183,000 pairs $1,879/mo rent with $664/mo cash flow after a $896/mo payment. Total monthly income equals $1,879/mo, and annual cash flow comes to $7,971/yr on $60,665 invested. Return on cash invested is 33.05% in year one, and rental yield stands at 12.32% on a $183,000 basis. Equity gained on principal adds $1,181/yr, and 5% annual appreciation accumulates to $50,560 by year five. Five-year ROI measures 173.95% and total cumulative return in cash reaches $105,527. For financing, Ziffy Mortgage’s DSCR program evaluates $1,879/mo property income against a $896/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1995
4,660 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33908, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,029 (100%) |
| Owner Occupied HU | 15,858 (51.1%) |
| Renter Occupied HU | 5,421 (17.5%) |
| Vacant Housing Units | 9,750 (31.4%) |
| Median Home Value | $495,639 |
| Average Home Value | $585,764 |
Housing Distribution
Address Breakdown
Residential
26,065
Single Family
17,390
Multi-Family
8,675
Businesses
1,171
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Listed by: Michelle D'Amico • Berkshire Hathaway Florida
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025023359