2797 1st St APT 1506Fort 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 $4,595/mo, and a $3,635/mo payment. Purchase price stands at $742,600, and rental yield measures 7.43% with $4,595/mo rent. Return on cash invested shows 14.14% in year one, and 5% annual appreciation builds toward $205,167 over five years. Five-year ROI reaches 74.02% and total cumulative return in cash records $180,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,595/mo property income covering a $3,635/mo payment rather than investor’s personal income.
Condo
Built in 2004
0.31 Acres lot
$N/A/sqft
$781 monthly 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: N/A • N/A
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