4790 S Cleveland AVE #607Fort MyersFL33907
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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 4790 S Cleveland AVE #607, Fort Myers, FL, 33907 offers a 9.5% rental yield on a $157,500 purchase with $1,247/mo rent. Total monthly income registers $1,247/mo, and a $771/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,420/yr on $52,211 to close, and return on cash invested stands at 24.54% in year one. Equity gained on principal adds $1,016/yr while 5% annual appreciation supports $43,514 over five years. Portfolio math shows five-year ROI at 128.33% and total cumulative return in cash at $67,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,247/mo property income against a $771/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
4,138 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
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Listed by: Donna L Mason • Keller Williams Elite Realty
Mls Name: SWFLMLS
Mls ID: #225075568