11704 Solano DrFort MyersFL33966
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 11704 Solano Dr, Fort Myers, FL, 33966 priced at $444,800 converts $2,535/mo rent into after a $2,177/mo obligation. Total monthly income equals $2,535/mo. Return on cash invested prints 12% in year one, and rental yield reads 6.84% against a $444,800 entry. Equity gained on principal adds $2,870/yr, while 5% annual appreciation compiles into $122,890 by year five. Five-year ROI reaches 62.64% and total cumulative return in cash sums $92,369. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,535/mo property income covering a $2,177/mo payment, not borrower’s personal income.
Single Family
Built in 2020
4,795 sqft lot
$N/A/sqft
$5,120 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexis Hansen • Keller Williams Realty Fort Myers and the Islands
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224060641
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.