4790 S Cleveland Ave APT 1906Fort 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 APT 1906, Fort Myers, FL, 33907 listed at $119,900 pairs $1,235/mo rent with a $587/mo payment to leave $439/mo cash flow. Total monthly income runs $1,235/mo, and annual cash flow reaches $5,270/yr on $39,747 cash to close. Return on cash invested measures 33.17% in year one, and rental yield registers 12.36% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 174.62% and total cumulative return in cash totals $69,408. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,235/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
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: Josh Bevington • McWilliams Buckley & Associate
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025003736