1308 Walden DrFort MyersFL33901
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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 1308 Walden Dr, Fort Myers, FL, 33901 priced at $499,995 converts $4,620/mo rent into $1,302/mo cash flow after a $2,447/mo obligation. Total monthly income equals $4,620/mo, and annual cash flow totals $15,626/yr on $165,748 invested. Return on cash invested prints 29.34% in year one, and rental yield reads 11.09% against a $499,995 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,139 by year five. Five-year ROI reaches 154% and total cumulative return in cash sums $255,258. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,620/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1968
7,710 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33901, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,959 (100%) |
| Owner Occupied HU | 4,640 (35.8%) |
| Renter Occupied HU | 6,722 (51.9%) |
| Vacant Housing Units | 1,597 (12.3%) |
| Median Home Value | $398,174 |
| Average Home Value | $484,963 |
Housing Distribution
Address Breakdown
Residential
11,138
Single Family
6,857
Multi-Family
4,281
Businesses
1,822
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Listed by: Edward Schiff • Schiff Realty, Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224097431
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.