235 Maine 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 235 Maine Ave, Fort Myers, FL, 33905 priced at $249,900 converts $1,714/mo rent into $56/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,714/mo, and annual cash flow totals $669/yr on $82,842 invested. Return on cash invested prints 20.72% in year one, and rental yield reads 8.23% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 107.76% and total cumulative return in cash sums $89,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,714/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1961
10,759 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: Justin Gabel • Century 21 Selling Paradise
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025002668