1724 Park Meadows Dr APT 2Fort MyersFL33907
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1724 Park Meadows Dr APT 2, Fort Myers, FL, 33907 in Fort Myers: $2,332/mo in rent, $528/mo net, 11.71% gross yield, all on a $238,888 acquisition. The 2.17 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $66,000 in value, and $2,200/yr in principal paydown steadily builds equity. Projected total cumulative return: $126,037.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.8% |
| Monthly Cash Flow | $528 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,332 |
| Total Monthly Debt Service | $1,708 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices