1724 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
Rental property for sale in Fort Myers at 1724 Park Meadows Dr APT 2, Fort Myers, FL, 33907 generates $2,332/mo in rent and, after a $1,169/mo payment, leaves $529/mo in cash flow. Total monthly income is $2,332/mo, and annual cash flow is $6,347/yr on $79,191 invested. Return on cash invested sits at 27.92% in year one, and rental yield is 11.71% on a $238,888 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,000 over five years. Five-year ROI reaches 147.61% and total cumulative return in cash sums $116,893. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,332/mo property income rather than buyer’s personal income.
Townhouse
Built in 1979
871.20 sqft lot
$N/A/sqft
$2,616 annually 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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Listed by: Diana Striogiene • Century 21 Sunbelt Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224058073
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.