20 Roanoke DrFort 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 20 Roanoke Dr, Fort Myers, FL, 33905 offers $2,568/mo rent that, after a $1,394/mo payment, leaves $678/mo cash flow. Total monthly income is $2,568/mo, and annual cash flow is $8,134/yr on $94,444 cash. Return on cash invested measures 28.52% in year one, and rental yield stands at 10.82% at a $284,900 entry. Equity gained on principal adds $1,838/yr while 5% annual appreciation compounds into $78,713 by year five. Five-year ROI records 149.61% and total cumulative return in cash reaches $141,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,568/mo property income versus a $1,394/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
7,013 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: Bill Minor • Realty One Group MVP
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025013840