2197 Mitchell CtFort MyersFL33916
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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
Rental property for sale in Fort Myers at 2197 Mitchell Ct, Fort Myers, FL, 33916 priced at $329,000 converts $4,330/mo rent into $2,147/mo cash flow after a $1,610/mo obligation. Total monthly income equals $4,330/mo, and annual cash flow totals $25,764/yr on $109,064 invested. Return on cash invested prints 43.53% in year one, and rental yield reads 15.79% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 230.1% and total cumulative return in cash sums $250,953. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,330/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33916, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,222 (100%) |
| Owner Occupied HU | 4,285 (30.1%) |
| Renter Occupied HU | 7,966 (56.0%) |
| Vacant Housing Units | 1,971 (13.9%) |
| Median Home Value | $259,163 |
| Average Home Value | $313,318 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
7,873
Multi-Family
4,387
Businesses
820
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Listed by: Ada Rinaudo • Green Life Projects LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224056724
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.