164 Prospect AVEFort 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 164 Prospect AVE, Fort Myers, FL, 33905 priced at $270,000 pairs $2,580/mo rent with $788/mo cash flow after a $1,322/mo payment. Total monthly income equals $2,580/mo, and annual cash flow comes to $9,453/yr on $89,505 invested. Return on cash invested is 30.47% in year one, and rental yield stands at 11.47% on a $270,000 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,596 by year five. Five-year ROI measures 160.07% and total cumulative return in cash reaches $143,269. For financing, Ziffy Mortgage’s DSCR program evaluates $2,580/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
9,496 sqft lot
$N/A/sqft
No 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: Jannette Rendon Rojas • Marzucco Real Estate
Mls Name: SWFLMLS
Mls ID: #226003964