2743 1st ST #505Fort 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 2743 1st ST #505, Fort Myers, FL, 33916 earns $448/mo cash flow from $3,268/mo rent with a $2,080/mo payment. Total monthly income totals $3,268/mo, and annual cash flow totals $5,373/yr on $140,888 capital. ROI tracks 23.72% on current figures, and rental yield reads 9.23% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 123.87% and total cumulative return in cash sums $174,521. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,268/mo property income instead of your personal income.
Condo
Built in 2007
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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Listed by: Susan Heller • EXP Realty LLC
Mls Name: SWFLMLS
Mls ID: #226002164