1907 Ricardo AveFort 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
Investment property for sale in Fort Myers at 1907 Ricardo Ave, Fort Myers, FL, 33901 at $599,000 posts ROI 23.75% with $607/mo cash flow from $4,582/mo rent. Total monthly income equals $4,582/mo, and annual cash flow records $7,281/yr on $197,071 to close. Return on cash invested measures 23.75% and rental yield reads 9.18% at the current $599,000. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 by year five. Five-year ROI prints 124.02% and total cumulative return in cash totals $244,402.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,582/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1961
0.32 Acres 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: Maria Repetti • Gulf Coast Living Real Estate, Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225031021
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.