3647 Edgewood AveFort MyersFL33916
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3647 Edgewood Ave, Fort Myers, FL, 33916 in Fort Myers speaks for itself: 13.34% gross on a $369,000 price, generating $4,102/mo in rent and $1,087/mo in net income after the $1,659/mo debt service. DSCR 2.47, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $13,042 stacks alongside $101,948 in projected five-year appreciation and $3,399/yr in principal reduction. Projected total cumulative return: $213,114.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 6.8% |
| Monthly Cash Flow | $1,087 | $1,850 |
City averages based on Fort Myers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,102 |
| Total Monthly Debt Service | $2,868 |
| DSCR Ratio | 1.43x |
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.
Townhouse
Built in 2004
1,219 sqft lot
$N/A/sqft
$6,792 annually 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
Townhouse
Built in 2004
1,219 sqft lot
$N/A/sqft
$6,792 annually 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