2745 1st St APT 2203Fort 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
Rental property for sale in Fort Myers at 2745 1st St APT 2203, Fort Myers, FL, 33916 generates $3,884/mo in rent, after a $2,789/mo payment. Total monthly income is $3,884/mo. Return on cash invested sits at 13.67% in year one, and rental yield is 8.18% on a $569,777 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation builds toward $157,419 over five years. Five-year ROI reaches 72.5% and total cumulative return in cash sums $135,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,884/mo property income rather than buyer’s personal income.
Condo
Built in 2007
0.67 Acres lot
$N/A/sqft
$10,492 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: Shawn Wiser • RE/MAX Realty Group
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225027909
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.