2590 1st St APT 206Fort 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 2590 1st St APT 206, Fort Myers, FL, 33901 uses $36,465 cash to close to unlock $4,589/yr annual cash flow and $382/mo monthly cash flow. Total monthly income runs $1,112/mo, and a $538/mo payment keeps the spread at $382/mo. Purchase price stands at $110,000, and rental yield measures 12.13% with $1,112/mo rent. Return on cash invested shows 32.49% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 170.99% and total cumulative return in cash records $62,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,112/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1973
4,543 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: Brandy Pattison • Century 21 Integra
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025017397