2366 Flora AveFort MyersFL33907
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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 2366 Flora Ave, Fort Myers, FL, 33907 uses $119,340 cash to close to unlock $17,472/yr annual cash flow and $1,456/mo monthly cash flow. Total monthly income runs $3,845/mo, and a $1,762/mo payment keeps the spread at $1,456/mo. Purchase price stands at $360,000, and rental yield measures 12.82% with $3,845/mo rent. Return on cash invested shows 34.55% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 181.93% and total cumulative return in cash records $217,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,845/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1968
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
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Listed by: Mark Vancosky • ERA Right Choice Realty
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225046353
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.