3320 New South Province Blvd APT 1Fort MyersFL33907
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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 3320 New South Province Blvd APT 1, Fort Myers, FL, 33907 offers a 10% rental yield on a $169,000 purchase with $1,408/mo rent. Total monthly income registers $1,408/mo, and a $827/mo payment leaves $287/mo available for distribution. Annual cash flow reaches $3,440/yr on $56,024 to close, and return on cash invested stands at 26.05% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 136.37% and total cumulative return in cash at $76,399. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,408/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
2,652 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33907, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,782 (100%) |
| Owner Occupied HU | 5,453 (36.9%) |
| Renter Occupied HU | 6,621 (44.8%) |
| Vacant Housing Units | 2,708 (18.3%) |
| Median Home Value | $332,665 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
12,950
Single Family
7,064
Multi-Family
5,886
Businesses
1,794
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Listed by: Kristen Delizia • The Keyes Company
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025013591