2350 W 1st St APT 203Fort 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 2350 W 1st St APT 203, Fort Myers, FL, 33901 uses $49,725 cash to close to unlock $8,229/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $1,681/mo, and a $734/mo payment keeps the spread at $686/mo. Purchase price stands at $150,000, and rental yield measures 13.45% with $1,681/mo rent. Return on cash invested shows 36.46% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 192.2% and total cumulative return in cash records $95,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,681/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1963
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
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Listed by: Moe Mossa • Savvy Avenue, LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025025639