3296 Altimira 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 3296 Altimira Dr, Fort Myers, FL, 33905 priced at $414,990 converts $3,392/mo rent into $638/mo cash flow after a $2,031/mo obligation. Total monthly income equals $3,392/mo, and annual cash flow totals $7,659/yr on $137,569 invested. Return on cash invested prints 25.48% in year one, and rental yield reads 9.81% against a $414,990 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,654 by year five. Five-year ROI reaches 133.31% and total cumulative return in cash sums $183,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,392/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,840 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: Tanner Miller • Pfeifer Realty Group LLC
Mls Name: Sanibel And Captiva Island AOR
Mls ID: #2250075