16411 Millstone Cir UNIT 201Fort MyersFL33908
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Fort Myers at 16411 Millstone Cir UNIT 201, Fort Myers, FL, 33908 listed at $277,000 pairs $3,430/mo rent with a $1,356/mo payment to leave $1,592/mo cash flow. Total monthly income runs $3,430/mo, and annual cash flow reaches $19,099/yr on $91,826 cash to close. Return on cash invested measures 40.71% in year one, and rental yield registers 14.86% at a $277,000 basis. Equity gained on principal adds $1,787/yr, and annual property appreciation at 5% supports $76,530 by year five. Five-year ROI tracks 214.98% and total cumulative return in cash totals $197,403. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,430/mo property income relative to a $1,356/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1996
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Hanlin • Starlink Realty, Inc
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025011615