5060 Melaluca 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 5060 Melaluca Dr, Fort Myers, FL, 33905 offers a 9.21% rental yield on a $715,000 purchase with $5,488/mo rent. Total monthly income registers $5,488/mo, and a $3,500/mo payment leaves $743/mo available for distribution. Annual cash flow reaches $8,913/yr on $235,235 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $4,614/yr while 5% annual appreciation supports $197,541 over five years. Portfolio math shows five-year ROI at 124.53% and total cumulative return in cash at $292,941. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,488/mo property income against a $3,500/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
1.19 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: Shannon Mick • Treeline Realty Corp
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025008670