2745 1st St APT 305Fort 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 305, Fort Myers, FL, 33916 offers a 10.08% rental yield on a $389,000 purchase with $3,268/mo rent. Total monthly income registers $3,268/mo, and a $1,904/mo payment leaves $686/mo available for distribution. Annual cash flow reaches $8,238/yr on $128,954 to close, and return on cash invested stands at 26.3% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 137.69% and total cumulative return in cash at $177,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,268/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Charisse Nelson • Realty One Group MVP
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025025400