2629 Midway AveFort 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
Investment property for sale in Fort Myers at 2629 Midway Ave, Fort Myers, FL, 33916 earns $432/mo cash flow from $2,018/mo rent with a $1,170/mo payment. Total monthly income totals $2,018/mo, and annual cash flow totals $5,181/yr on $79,229 capital. ROI tracks 26.45% on current figures, and rental yield reads 10.13% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 138.51% and total cumulative return in cash sums $109,740. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,018/mo property income instead of your personal income.
Single Family
Built in 1969
8,494 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: Carolina Tiuso • Tiuso Realty Group
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025012327