1647 Park Meadows Dr APT 2Fort MyersFL33907
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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 1647 Park Meadows Dr APT 2, Fort Myers, FL, 33907 offers a 20.24% rental yield on a $128,400 purchase with $2,166/mo rent. Total monthly income registers $2,166/mo, and a $628/mo payment leaves $1,143/mo available for distribution. Annual cash flow reaches $13,720/yr on $42,565 to close, and return on cash invested stands at 52.14% in year one. Equity gained on principal adds $829/yr while 5% annual appreciation supports $35,475 over five years. Portfolio math shows five-year ROI at 278.1% and total cumulative return in cash at $118,372. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,166/mo property income against a $628/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
914 sqft lot
$N/A/sqft
$171 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33907, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,782 (100%) |
| Owner Occupied HU | 5,453 (36.9%) |
| Renter Occupied HU | 6,621 (44.8%) |
| Vacant Housing Units | 2,708 (18.3%) |
| Median Home Value | $332,665 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
12,950
Single Family
7,064
Multi-Family
5,886
Businesses
1,794
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