2104 W 1st St APT 902Fort MyersFL33901
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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 2104 W 1st St APT 902, Fort Myers, FL, 33901 listed at $659,000 pairs $4,813/mo rent with a $3,225/mo payment to leave $440/mo cash flow. Total monthly income runs $4,813/mo, and annual cash flow reaches $5,283/yr on $216,811 cash to close. Return on cash invested measures 22.5% in year one, and rental yield registers 8.76% at a $659,000 basis. Equity gained on principal adds $4,252/yr, and annual property appreciation at 5% supports $182,070 by year five. Five-year ROI tracks 117.29% and total cumulative return in cash totals $254,287. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,813/mo property income relative to a $3,225/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
0.27 Acres 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
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Listed by: Rob Keller • Berkshire Hathaway Florida
Mls Name: Florida Gulf Coast MLS
Mls ID: #224091357