2745 1st St APT 1606Fort 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 2745 1st St APT 1606, Fort Myers, FL, 33916 earns from $3,268/mo rent with a $2,437/mo payment. Total monthly income totals $3,268/mo. ROI tracks 19.64% on current figures, and rental yield reads 7.87% at a $498,000 purchase. Equity gained on principal adds $3,214/yr, and 5% annual appreciation supports $137,588 over five years. Five-year ROI reaches 102.01% and total cumulative return in cash sums $168,400. 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
0.67 Acres 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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