2350 W 1st St APT 606Fort 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 606, Fort Myers, FL, 33901 earns $110/mo cash flow from $1,768/mo rent with a $1,223/mo payment. Total monthly income totals $1,768/mo, and annual cash flow totals $1,317/yr on $82,842 capital. ROI tracks 21.5% on current figures, and rental yield reads 8.49% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 111.96% and total cumulative return in cash sums $92,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,768/mo property income instead of your personal income.
Condo
Built in 1963
6,573 sqft 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: Justin Recca • Innovative Realty LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025017805