2849 Price AveFort MyersFL33916
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2849 Price Ave, Fort Myers, FL, 33916 uses $65,969 cash to close to unlock $2,477/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $1,527/mo, and a $974/mo payment keeps the spread at $206/mo. Purchase price stands at $199,000, and rental yield measures 9.21% with $1,527/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 123.6% and total cumulative return in cash records $81,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,527/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,011 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Wimbush • Century 21 Sunbelt Realty
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025003633