5637-5639 5th 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
Investment property for sale in Fort Myers at 5637-5639 5th Ave, Fort Myers, FL, 33907 uses $62,654 cash to close to unlock $8,410/yr annual cash flow and $701/mo monthly cash flow. Total monthly income runs $1,955/mo, and a $925/mo payment keeps the spread at $701/mo. Purchase price stands at $189,000, and rental yield measures 12.41% with $1,955/mo rent. Return on cash invested shows 33.33% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 175.4% and total cumulative return in cash records $109,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,955/mo property income covering a $925/mo payment rather than investor’s personal income.
Multi Family
Built in 1979
6,011 sqft 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: Cliff Glansen • Flatfee.com
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026000140