3297 Royal Canadian Trce APT 2Fort 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
Rental property for sale in Fort Myers at 3297 Royal Canadian Trce APT 2, Fort Myers, FL, 33907 generates $2,336/mo in rent and, after a $683/mo payment, leaves $1,020/mo in cash flow. Total monthly income is $2,336/mo, and annual cash flow is $12,240/yr on $46,244 invested. Return on cash invested sits at 46.38% in year one, and rental yield is 20.09% on a $139,500 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 249.16% and total cumulative return in cash sums $115,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,336/mo property income rather than buyer’s personal income.
Condo
Built in 1975
2,652 sqft 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: Sarah Sanzica • Palm Paradise Realty Group
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225053435
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.