3525 Milan Dr APT 203Fort 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 3525 Milan Dr APT 203, Fort Myers, FL, 33916 generates $1,698/mo in rent and, after a $1,243/mo payment, leaves $13/mo in cash flow. Total monthly income is $1,698/mo, and annual cash flow is $151/yr on $84,201 invested. Return on cash invested sits at 20.09% in year one, and rental yield is 8.02% on a $254,000 entry. Equity gained on principal adds $1,639/yr, while 5% annual appreciation builds toward $70,176 over five years. Five-year ROI reaches 104.4% and total cumulative return in cash sums $87,906. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,698/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A 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: Taylor Newman • Coldwell Banker Realty
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025013781