6801 Lake Devonwood DRFort MyersFL33908
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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 6801 Lake Devonwood DR, Fort Myers, FL, 33908 uses $271,425 cash to close to unlock $28,597/yr annual cash flow and $2,383/mo monthly cash flow. Total monthly income runs $7,858/mo, and a $4,038/mo payment keeps the spread at $2,383/mo. Purchase price stands at $825,000, and rental yield measures 11.43% with $7,858/mo rent. Return on cash invested shows 30.6% in year one, and 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 160.72% and total cumulative return in cash records $436,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,858/mo property income covering a $4,038/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33908, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,029 (100%) |
| Owner Occupied HU | 15,858 (51.1%) |
| Renter Occupied HU | 5,421 (17.5%) |
| Vacant Housing Units | 9,750 (31.4%) |
| Median Home Value | $495,639 |
| Average Home Value | $585,764 |
Housing Distribution
Address Breakdown
Residential
26,065
Single Family
17,390
Multi-Family
8,675
Businesses
1,171
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Listed by: Alexander Mayr • Compass Florida LLC
Mls Name: SWFLMLS
Mls ID: #226001609