4906 Majorca Palms 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
Investment property for sale in Fort Myers at 4906 Majorca Palms DR, Fort Myers, FL, 33905 uses $74,554 cash to close to unlock $6,700/yr annual cash flow and $558/mo monthly cash flow. Total monthly income runs $2,051/mo, and a $1,101/mo payment keeps the spread at $558/mo. Purchase price stands at $224,900, and rental yield measures 10.94% with $2,051/mo rent. Return on cash invested shows 28.9% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 151.67% and total cumulative return in cash records $113,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,051/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 2008
4,138 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
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Listed by: Zachary Rosen • Compass Florida, LLC
Mls Name: SWFLMLS
Mls ID: #225080909