5454 8th AveFort MyersFL33907
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5454 8th Ave, Fort Myers, FL, 33907 generates $1,775/mo in rent, after a $1,635/mo payment. Total monthly income is $1,775/mo. Return on cash invested sits at 15.12% in year one, and rental yield is 6.38% on a $334,000 entry. Equity gained on principal adds $2,155/yr, while 5% annual appreciation builds toward $92,278 over five years. Five-year ROI reaches 77.78% and total cumulative return in cash sums $86,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,775/mo property income rather than buyer’s personal income.
Multi Family
Built in 1971
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Rodriguez • Florida Realty
Mls Name: BHHS broker feed
Mls ID: #G5097792