14977 Rivers Edge Ct APT 120Fort MyersFL33908
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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 14977 Rivers Edge Ct APT 120, Fort Myers, FL, 33908 listed at $290,000 pairs $2,192/mo rent with a $1,419/mo payment to leave $268/mo cash flow. Total monthly income runs $2,192/mo, and annual cash flow reaches $3,215/yr on $96,135 cash to close. Return on cash invested measures 23.25% in year one, and rental yield registers 9.07% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 121.35% and total cumulative return in cash totals $116,656. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,192/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
5,527 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33908, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,029 (100%) |
| Owner Occupied HU | 15,858 (51.1%) |
| Renter Occupied HU | 5,421 (17.5%) |
| Vacant Housing Units | 9,750 (31.4%) |
| Median Home Value | $495,639 |
| Average Home Value | $585,764 |
Housing Distribution
Address Breakdown
Residential
26,065
Single Family
17,390
Multi-Family
8,675
Businesses
1,171
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Listed by: Andrea Quilter • Legacy Premier Realty LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025026430