3384 Meloy 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 3384 Meloy Dr, Fort Myers, FL, 33905 priced at $516,900 converts $2,580/mo rent into after a $2,530/mo obligation. Total monthly income equals $2,580/mo. Return on cash invested prints 10.96% in year one, and rental yield reads 5.99% against a $516,900 entry. Equity gained on principal adds $3,335/yr, while 5% annual appreciation compiles into $142,810 by year five. Five-year ROI reaches 56.55% and total cumulative return in cash sums $96,166. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,580/mo property income covering a $2,530/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,059 sqft lot
$N/A/sqft
$5,276 annually 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: Katrina Allison • Absolute Equity Realty Group L
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225045727
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.