102 Elise 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 102 Elise Dr, Fort Myers, FL, 33908 offers $2,233/mo rent that, after a $1,268/mo payment, leaves $514/mo cash flow. Total monthly income is $2,233/mo, and annual cash flow is $6,167/yr on $85,859 cash. Return on cash invested measures 27.09% in year one, and rental yield stands at 10.35% at a $259,000 entry. Equity gained on principal adds $1,671/yr while 5% annual appreciation compounds into $71,557 by year five. Five-year ROI records 141.94% and total cumulative return in cash reaches $121,864. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,233/mo property income versus a $1,268/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
4,704 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: Ilanna Hinson • VIP Realty Group Inc
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025017912