116 Pinebrook DrFort 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
Rental property for sale in Fort Myers at 116 Pinebrook Dr, Fort Myers, FL, 33907 priced at $240,000 converts $1,602/mo rent into after a $1,175/mo obligation. Total monthly income equals $1,602/mo. Return on cash invested prints 6.01% in year one, and rental yield reads 8.01% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 34% and total cumulative return in cash sums $27,050. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,602/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Condo
Built in 1981
10,436 sqft lot
$N/A/sqft
$11,004 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: Jan Wallace • Gulf Coast Realty LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225003398
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.