4637 Elvas Ave SFort MyersFL33905
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
Investment property for sale in Fort Myers at 4637 Elvas Ave S, Fort Myers, FL, 33905 at $324,000 posts ROI 21.74% with $164/mo cash flow from $2,314/mo rent. Total monthly income equals $2,314/mo, and annual cash flow records $1,964/yr on $107,406 to close. Return on cash invested measures 21.74% and rental yield reads 8.57% at the current $324,000. Equity gained on principal adds $2,091/yr, and 5% annual appreciation supports $89,515 by year five. Five-year ROI prints 113.24% and total cumulative return in cash totals $121,631.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,314/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
7,187 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Knoerlein • Premiere Plus Realty Company
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225040719
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.