11005 Iron Horse WayFort 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 11005 Iron Horse Way, Fort Myers, FL, 33913 offers a 8.47% rental yield on a $475,500 purchase with $3,358/mo rent. 32% in year one. Equity gained on principal adds $3,068/yr while 5% annual appreciation supports $131,372 over five years. Portfolio math shows five-year ROI at 71.05% and total cumulative return in cash at $111,992. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,358/mo property income against a $2,327/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
9,496 sqft lot
$N/A/sqft
$10,861 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: Kimberly Nash • Keller Williams Elite Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224053054
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.