2360 Ephraim AveFort MyersFL33907
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
Investment Highlights
Investment property for sale in Fort Myers at 2360 Ephraim Ave, Fort Myers, FL, 33907 uses $112,710 cash to close to unlock $252/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $2,335/mo, and a $1,664/mo payment keeps the spread at $21/mo. Purchase price stands at $340,000, and rental yield measures 8.24% with $2,335/mo rent. Return on cash invested shows 20.13% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 104.89% and total cumulative return in cash records $118,218. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,335/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33907, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,782 (100%) |
| Owner Occupied HU | 5,453 (36.9%) |
| Renter Occupied HU | 6,621 (44.8%) |
| Vacant Housing Units | 2,708 (18.3%) |
| Median Home Value | $332,665 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
12,950
Single Family
7,064
Multi-Family
5,886
Businesses
1,794
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristen Furbay • Experience Real Estate Group L
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #2025003567
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.