3516 E Riverside DrFort MyersFL33916
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
Investment Highlights
Investment property for sale in Fort Myers at 3516 E Riverside Dr, Fort Myers, FL, 33916 uses $86,157 cash to close to unlock $1,312/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $1,834/mo, and a $1,272/mo payment keeps the spread at $109/mo. Purchase price stands at $259,900, and rental yield measures 8.47% with $1,834/mo rent. Return on cash invested shows 21.43% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 111.63% and total cumulative return in cash records $96,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,834/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1925
6,969 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Loffreno • Integrity Real Estate & Property Management Inc.
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025022978