Fort Myers, FL — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

5.6%

Below average

Monthly Cash Flow

-$191

After all expenses

Price-to-Rent

11.3

Investor-friendly

DSCR

0.87

Fails

📊 Key Metrics

Median Home Price: $307,401
Average Rent (3BR): $2,230/mo
Price-to-Rent Ratio: 11.3(good)
1% Rule: 0.74%(fails — need 1%+)
Cash-on-Cash Return: -3.6%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 4.8%(+0.5% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +5.6% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

0.86%

of assessed value (FL avg)

Median Income

$63,062

household (FL avg)

Rent-to-Income

42.4%

Stretched

Section 8 Max Rent

$2,230/mo

3BR voucher payment

🏛️ FL Investor Climate

Landlord Friendly

8/10

State Income Tax

✅ None

Property Tax

0.86% effective

Population Trend

+5.6% (3yr)

🏘️ Best Zip Codes in Fort Myers for Investors

33907

Cap Rate: 8.9%Cash Flow: +$431/mo$207,438

33919

Cap Rate: 6.9%Cash Flow: +$100/mo$251,703

33916

Cap Rate: 6.7%Cash Flow: +$64/mo$218,073

All Zip Codes in Fort Myers

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
33907	8.9%	+$431	$207,438	$2,230/mo	1.39
33919	6.9%	+$100	$251,703	$2,190/mo	1.07
33916	6.7%	+$64	$218,073	$1,870/mo	1.05
33908	5.8%	-$149	$326,270	$2,500/mo	0.91
33905	5.6%	-$190	$288,532	$2,140/mo	0.88
33901	5.5%	-$192	$264,506	$1,940/mo	0.86
33967	5.0%	-$402	$358,955	$2,460/mo	0.79
33912	5.0%	-$450	$383,193	$2,600/mo	0.78
33966	4.7%	-$471	$341,301	$2,230/mo	0.74
33913	4.4%	-$729	$445,242	$2,770/mo	0.69