16430 Millstone Cir UNIT 304Fort 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
Rental property for sale in Fort Myers at 16430 Millstone Cir UNIT 304, Fort Myers, FL, 33908 generates $7,183/mo in rent and, after a $1,590/mo payment, leaves $3,586/mo in cash flow. Total monthly income is $7,183/mo, and annual cash flow is $43,034/yr on $107,704 invested. Return on cash invested sits at 59.86% in year one, and rental yield is 26.53% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 323.55% and total cumulative return in cash sums $348,473. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,183/mo property income rather than buyer’s personal income.
Condo
Built in 1997
0.30 Acres lot
$N/A/sqft
$17,292 annually 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: Brian Rodgers • Worthington Realty, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224091514
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.