2090 W First St APT 709Fort MyersFL33901
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 2090 W First St APT 709, Fort Myers, FL, 33901 uses $143,274 cash to close to unlock $6,219/yr annual cash flow and $518/mo monthly cash flow. Total monthly income runs $3,386/mo, and a $2,115/mo payment keeps the spread at $518/mo. Purchase price stands at $432,200, and rental yield measures 9.4% with $3,386/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $119,409 over five years. Five-year ROI reaches 126.73% and total cumulative return in cash records $181,569. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,386/mo property income covering a $2,115/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33901, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,959 (100%) |
| Owner Occupied HU | 4,640 (35.8%) |
| Renter Occupied HU | 6,722 (51.9%) |
| Vacant Housing Units | 1,597 (12.3%) |
| Median Home Value | $398,174 |
| Average Home Value | $484,963 |
Housing Distribution
Address Breakdown
Residential
11,138
Single Family
6,857
Multi-Family
4,281
Businesses
1,822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A