290 Valencia 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 290 Valencia Dr, Fort Myers, FL, 33905 priced at $213,000 pairs $1,420/mo rent with $6/mo cash flow after a $1,043/mo payment. Total monthly income equals $1,420/mo, and annual cash flow comes to $72/yr on $70,610 invested. Return on cash invested is 20.01% in year one, and rental yield stands at 8% on a $213,000 basis. Equity gained on principal adds $1,374/yr, and 5% annual appreciation accumulates to $58,848 by year five. Five-year ROI measures 104.04% and total cumulative return in cash reaches $73,461. For financing, Ziffy Mortgage’s DSCR program evaluates $1,420/mo property income against a $1,043/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1980
4,007 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: Tracy Bostelman • Barefoot Realty Group
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025006282