10720 Ravenna Way UNIT 104Fort 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 10720 Ravenna Way UNIT 104, Fort Myers, FL, 33913 earns from $1,943/mo rent with a $1,407/mo payment. Total monthly income totals $1,943/mo. ROI tracks 1.23% on current figures, and rental yield reads 8.11% at a $287,500 purchase. Equity gained on principal adds $1,855/yr, and 5% annual appreciation supports $79,431 over five years. Five-year ROI reaches 10.21% and total cumulative return in cash sums $9,731. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,943/mo property income instead of your personal income.
Condo
Built in 2004
0.26 Acres lot
$N/A/sqft
$17,648 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: Geoff Randall • SellState Excelsior Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225059274
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.