1788 Augusta Dr APT 201Fort 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
Investment property for sale in Fort Myers at 1788 Augusta Dr APT 201, Fort Myers, FL, 33907 offers a 21.89% rental yield on a $289,000 purchase with $5,273/mo rent. Total monthly income registers $5,273/mo, and a $1,415/mo payment leaves $2,357/mo available for distribution. Annual cash flow reaches $28,280/yr on $95,804 to close, and return on cash invested stands at 49.43% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 266.27% and total cumulative return in cash at $255,098. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,273/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
6,429 sqft lot
$N/A/sqft
$11,976 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: Joni Willoughby • Seven Lakes Real Estate
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224066390
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.