3225 E Riverside Dr APT 26BFort 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 3225 E Riverside Dr APT 26B, Fort Myers, FL, 33916 generates $1,360/mo in rent and, after a $612/mo payment, leaves $98/mo in cash flow. Total monthly income is $1,360/mo, and annual cash flow is $1,176/yr on $41,438 invested. Return on cash invested sits at 22.75% in year one, and rental yield is 13.06% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 123.35% and total cumulative return in cash sums $51,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,360/mo property income rather than buyer’s personal income.
Condo
Built in 1966
3,510 sqft lot
$N/A/sqft
$5,052 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: Amy Ivey • Swept Away Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225043491
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.