338 Melody CtFort 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
Investment property for sale in Fort Myers at 338 Melody Ct, Fort Myers, FL, 33916 uses $96,102 cash to close to unlock $4,453/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $2,295/mo, and a $1,419/mo payment keeps the spread at $371/mo. Purchase price stands at $289,900, and rental yield measures 9.5% with $2,295/mo rent. Return on cash invested shows 24.54% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 128.32% and total cumulative return in cash records $123,321. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,295/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.30 Acres 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
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Listed by: Nezam Juman • Florida Global Professional
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225036641
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.