2745 1st St APT 1704Fort 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
Total monthly income runs $2,635/mo, and a $2,435/mo payment. Purchase price stands at $497,510, and rental yield measures 6.36% with $2,635/mo rent. Return on cash invested shows 8.39% in year one, and 5% annual appreciation builds toward $137,453 over five years. Five-year ROI reaches 44.07% and total cumulative return in cash records $72,678. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,635/mo property income covering a $2,435/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$10,976 annually 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: Mary O'Toole • Barclays Real Estate Group 1
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224051462
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.