4869 E Riverside 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 4869 E Riverside Dr, Fort Myers, FL, 33905 offers $3,394/mo rent that, after a $2,105/mo payment, leaves $540/mo cash flow. Total monthly income is $3,394/mo, and annual cash flow is $6,481/yr on $142,542 cash. Return on cash invested measures 24.46% in year one, and rental yield stands at 9.47% at a $429,990 entry. Equity gained on principal adds $2,775/yr while 5% annual appreciation compounds into $118,798 by year five. Five-year ROI records 127.84% and total cumulative return in cash reaches $182,231. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,394/mo property income versus a $2,105/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.41 Acres 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
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Listed by: Melchire Stville • Kariza Capital Realty LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225015263
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.