5608 Malt Dr APT 1Fort 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
Rental property for sale in Fort Myers at 5608 Malt Dr APT 1, Fort Myers, FL, 33907 offers $2,332/mo rent that, after a $883/mo payment, leaves $918/mo cash flow. Total monthly income is $2,332/mo, and annual cash flow is $11,016/yr on $59,836 cash. Return on cash invested measures 38.32% in year one, and rental yield stands at 15.5% at a $180,500 entry. Equity gained on principal adds $1,165/yr while 5% annual appreciation compounds into $49,869 by year five. Five-year ROI records 203.73% and total cumulative return in cash reaches $121,902. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,332/mo property income versus a $883/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
958.32 sqft lot
$N/A/sqft
$2,600 annually 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: Marc Joseph • Marc Joseph Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224038405
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.