2631 1st St #804Fort 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 2631 1st St #804, Fort Myers, FL, 33916 offers a 8.88% rental yield on a $406,900 purchase with $3,012/mo rent. Total monthly income registers $3,012/mo, and a $1,992/mo payment leaves $311/mo available for distribution. Annual cash flow reaches $3,736/yr on $134,887 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $2,626/yr while 5% annual appreciation supports $112,419 over five years. Portfolio math shows five-year ROI at 118.29% and total cumulative return in cash at $159,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,012/mo property income against a $1,992/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A 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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Nearby investment properties with comparable prices
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