16121 Sand Ridge CTFort 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
Total monthly income runs $3,295/mo, and a $2,692/mo payment. Purchase price stands at $550,000, and rental yield measures 7.19% with $3,295/mo rent. Return on cash invested shows 17.71% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 91.61% and total cumulative return in cash records $165,766. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,295/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.28 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: Josh Bohling • LPT Realty, LLC
Mls Name: SWFLMLS
Mls ID: #225050779