3020 Meandering Way APT 201Fort MyersFL33905
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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 3020 Meandering Way APT 201, Fort Myers, FL, 33905 generates $1,761/mo in rent and, after a $1,248/mo payment, leaves $69/mo in cash flow. Total monthly income is $1,761/mo, and annual cash flow is $829/yr on $84,499 invested. Return on cash invested sits at 20.89% in year one, and rental yield is 8.29% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 108.74% and total cumulative return in cash sums $91,884. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,761/mo property income rather than buyer’s personal income.
Condo
Built in 2004
4,870 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33905, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,700 (100%) |
| Owner Occupied HU | 11,821 (57.1%) |
| Renter Occupied HU | 5,669 (27.4%) |
| Vacant Housing Units | 3,210 (15.5%) |
| Median Home Value | $385,883 |
| Average Home Value | $455,350 |
Housing Distribution
Address Breakdown
Residential
17,531
Single Family
15,853
Multi-Family
1,678
Businesses
815
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Listed by: Susie McIntyre • Nicklaus Vance
Mls Name: Florida Gulf Coast MLS
Mls ID: #224068975