Fort Myers Cash Flowing Rental Property

This is a great opportunity to own a cash flow cow in an up and coming area of Ft. Myers! In 1 year this house can be easily be sold for $150,000 or more.

3522 Evans Avenue, Ft. Myers FL 33901

Here are the details:

• SFH - 3 bedrooms - 2 bathrooms
• Good condition -- needs no rehab as rental
• Built 1965 - CBS - 1,200 sq. ft - central air
• Tenants on Annual Lease at $1,200 per month
• Price: $118,500
• Market Value: $128,000

Overview of Cash Flow

• Rent: $1,200 per month
• Taxes: $100 per month
• Insurance: $80 per month
• Mortgage (7% interest - 90% financed): $709
• PITI Payment: $889
• Net Cash Flow: $311