3421 Winkler Ave APT 402Fort MyersFL33916
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 3421 Winkler Ave APT 402, Fort Myers, FL, 33916 in Fort Myers. Priced at $162,000, it generates $2,627/mo in gross rent and $1,050/mo in net monthly cash flow, a 19.46% yield that comfortably supports the 3.61 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $12,597. Five-year appreciation: $44,758. Equity from principal paydown: $1,492/yr. Total projected cumulative return: $131,533.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.5% | 6.8% |
| Monthly Cash Flow | $1,050 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,627 |
| Total Monthly Debt Service | $1,513 |
| DSCR Ratio | 1.74x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1994
9,801 sqft lot
$N/A/sqft
$502 monthly 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
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
Condo
Built in 1994
9,801 sqft lot
$N/A/sqft
$502 monthly 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: Tom Kiessling • Compass Florida, LLC
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #225054922
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.