16430 Millstone Cir UNIT 207Fort 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
Investment property for sale in Fort Myers at 16430 Millstone Cir UNIT 207, Fort Myers, FL, 33908 uses $93,483 cash to close to unlock $45,149/yr annual cash flow and $3,762/mo monthly cash flow. Total monthly income runs $7,256/mo, and a $1,380/mo payment keeps the spread at $3,762/mo. Purchase price stands at $282,000, and rental yield measures 30.88% with $7,256/mo rent. Return on cash invested shows 68.21% in year one, and 5% annual appreciation builds toward $77,911 over five years. Five-year ROI reaches 369.99% and total cumulative return in cash records $345,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,256/mo property income covering a $1,380/mo payment rather than investor’s personal income.
Condo
Built in 1997
0.30 Acres lot
$N/A/sqft
$4,531 quarterly 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: Kim Hanlin • Starlink Realty, Inc
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #2025013081
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.