2913 Royal Gardens AveFort MyersFL33916
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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 2913 Royal Gardens Ave, Fort Myers, FL, 33916 uses $207,270 cash to close to unlock $2,168/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $4,984/mo, and a $3,084/mo payment keeps the spread at $181/mo. Purchase price stands at $630,000, and rental yield measures 9.49% with $4,984/mo rent. Return on cash invested shows 21.11% in year one, and 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 111.12% and total cumulative return in cash records $230,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,984/mo property income covering a $3,084/mo payment rather than investor’s personal income.
Single Family
Built in 2021
9,530 sqft lot
$N/A/sqft
$288 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33916, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,222 (100%) |
| Owner Occupied HU | 4,285 (30.1%) |
| Renter Occupied HU | 7,966 (56.0%) |
| Vacant Housing Units | 1,971 (13.9%) |
| Median Home Value | $259,163 |
| Average Home Value | $313,318 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
7,873
Multi-Family
4,387
Businesses
820
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Listed by: Matt Makousky • RE/MAX Realty Team
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #224038606
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.