1500 Popham Dr APT A31Fort MyersFL33919
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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 1500 Popham Dr APT A31, Fort Myers, FL, 33919 generates $1,190/mo in rent, after a $759/mo payment. Total monthly income is $1,190/mo. Return on cash invested sits at 12.06% in year one, and rental yield is 9.21% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 65.68% and total cumulative return in cash sums $33,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,190/mo property income rather than buyer’s personal income.
Condo
Built in 1975
4,809 sqft lot
$N/A/sqft
$5,600 annually HOA
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Listed by: Larry Simons • Home Hunters USA, Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225033398
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.