14804 Palamos CirFort MyersFL33905
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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 14804 Palamos Cir, Fort Myers, FL, 33905 offers $2,580/mo rent that, after a $1,929/mo payment. Total monthly income is $2,580/mo. Return on cash invested measures 17.6% in year one, and rental yield stands at 7.86% at a $394,104 entry. Equity gained on principal adds $2,543/yr while 5% annual appreciation compounds into $108,884 by year five. Five-year ROI records 91.77% and total cumulative return in cash reaches $119,893. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,580/mo property income versus a $1,929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$2,596 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33905, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,700 (100%) |
| Owner Occupied HU | 11,821 (57.1%) |
| Renter Occupied HU | 5,669 (27.4%) |
| Vacant Housing Units | 3,210 (15.5%) |
| Median Home Value | $385,883 |
| Average Home Value | $455,350 |
Housing Distribution
Address Breakdown
Residential
17,531
Single Family
15,853
Multi-Family
1,678
Businesses
815
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Listed by: Dave Meyers • Lennar Realty Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224072411
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.