16461 Millstone Cir UNIT 204Fort 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 16461 Millstone Cir UNIT 204, Fort Myers, FL, 33908 offers a 8.5% rental yield on a $279,999 purchase with $1,983/mo rent. Total monthly income registers $1,983/mo, and a $1,370/mo payment leaves $125/mo available for distribution. Annual cash flow reaches $1,504/yr on $92,820 to close, and return on cash invested stands at 21.53% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 112.15% and total cumulative return in cash at $104,096. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,983/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
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: Brian Rodgers • Worthington Realty, Inc.
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026001310