597 Carolina AveFort 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
Rental property for sale in Fort Myers at 597 Carolina Ave, Fort Myers, FL, 33905 priced at $309,828 converts $2,820/mo rent into $764/mo cash flow after a $1,516/mo obligation. Total monthly income equals $2,820/mo, and annual cash flow totals $9,173/yr on $102,708 invested. Return on cash invested prints 28.84% in year one, and rental yield reads 10.92% against a $309,828 entry. Equity gained on principal adds $1,999/yr, while 5% annual appreciation compiles into $85,600 by year five. Five-year ROI reaches 151.35% and total cumulative return in cash sums $155,449. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,820/mo property income covering a $1,516/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,899 sqft 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: Alan Carey • EXP Realty LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224086067
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.