1844 Pine Glade CIRFort 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 1844 Pine Glade CIR, Fort Myers, FL, 33907 earns $238/mo cash flow from $1,476/mo rent with a $913/mo payment. Total monthly income totals $1,476/mo, and annual cash flow totals $2,858/yr on $61,825 capital. ROI tracks 24.53% on current figures, and rental yield reads 9.5% at a $186,500 purchase. Equity gained on principal adds $1,203/yr, and 5% annual appreciation supports $51,527 over five years. Five-year ROI reaches 128.29% and total cumulative return in cash sums $79,313. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,476/mo property income instead of your personal income.
Condo
Built in 1979
0.98 Acres lot
$N/A/sqft
No 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: Sylvia Maietta • RE/MAX Realty Group
Mls Name: SWFLMLS
Mls ID: #225080761