234 Tangerine DrFort MyersFL33905
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.39% yield at 234 Tangerine Dr, Fort Myers, FL, 33905 in Fort Myers is solid, but the $499/mo payment compresses net cash flow to $132/mo at $111,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $30,667 by year five, and $1,022/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.74) without U.S. income documentation. Total projected return: $50,838.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.8% |
| Monthly Cash Flow | $132 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $869 |
| Total Monthly Debt Service | $692 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1977
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1977
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Marlow • Sunshine Home Sales, LLC
Mls Name: NY State MLS
Mls ID: #11389851