3616 Pearl StFort 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 3616 Pearl St, Fort Myers, FL, 33916 listed at $930,000 pairs $1,548/mo rent with a $4,552/mo payment. Total monthly income runs $1,548/mo. Return on cash invested measures 1.93% in year one, and rental yield registers 2% at a $930,000 basis. Equity gained on principal adds $6,001/yr, and annual property appreciation at 5% supports $256,942 by year five. Five-year ROI tracks 6.97% and total cumulative return in cash totals $21,322. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,548/mo property income relative to a $4,552/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
0.29 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: JoAnn Houle • Marshall Reddick Real Estate
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025023122