171 Primo DrFort Myers BeachFL33931
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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 Beach at 171 Primo Dr, Fort Myers Beach, FL, 33931 priced at $1,051,000 converts $3,084/mo rent into after a $5,144/mo obligation. Total monthly income equals $3,084/mo. Return on cash invested prints 6.66% in year one, and rental yield reads 3.52% against a $1,051,000 entry. Equity gained on principal adds $6,782/yr, while 5% annual appreciation compiles into $290,372 by year five. Five-year ROI reaches 32.3% and total cumulative return in cash sums $109,987. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,084/mo property income covering a $5,144/mo payment, not borrower’s personal income.
Single Family
Built in 1960
6,503 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33931, Fort Myers Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,306 (100%) |
| Owner Occupied HU | 4,360 (32.8%) |
| Renter Occupied HU | 679 ( 5.1%) |
| Vacant Housing Units | 8,267 (62.1%) |
| Median Home Value | $615,328 |
| Average Home Value | $676,219 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
2,642
Multi-Family
2,719
Businesses
226
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Listed by: Holly Olson • Florida's Realty LLC
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225051751
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.