5849 Queen Elizabeth Way 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
Investment property for sale in Fort Myers at 5849 Queen Elizabeth Way APT 1, Fort Myers, FL, 33907 uses $49,692 cash to close to unlock $515/yr annual cash flow and $43/mo monthly cash flow. Total monthly income runs $1,473/mo, and a $734/mo payment keeps the spread at $43/mo. Purchase price stands at $149,900, and rental yield measures 11.79% with $1,473/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 112.8% and total cumulative return in cash records $56,051. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,473/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1975
2,652 sqft lot
$N/A/sqft
$4,680 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: Steve Koffman • Royal Shell Real Estate, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225037196
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.