16606 Waters Edge Ct APT 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 16606 Waters Edge Ct APT 201, Fort Myers, FL, 33908 offers a 9.06% rental yield on a $431,500 purchase with $3,259/mo rent. 85% in year one. Equity gained on principal adds $2,784/yr while 5% annual appreciation supports $119,215 over five years. Portfolio math shows five-year ROI at 64.31% and total cumulative return in cash at $91,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,259/mo property income against a $2,112/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
3,955 sqft lot
$N/A/sqft
$16,280 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danene Bazon • RE/MAX Realty Group
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224080275
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.