17230 Terraverde Cir APT 9Fort 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 17230 Terraverde Cir APT 9, Fort Myers, FL, 33908 earns $99/mo cash flow from $1,592/mo rent with a $1,101/mo payment. Total monthly income totals $1,592/mo, and annual cash flow totals $1,189/yr on $74,588 capital. ROI tracks 21.5% on current figures, and rental yield reads 8.49% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 112.04% and total cumulative return in cash sums $83,565. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,592/mo property income instead of your personal income.
Condo
Built in 1987
7,609 sqft 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: Dean Chiusano • John R. Wood Properties
Mls Name: Florida Gulf Coast MLS
Mls ID: #225059771