3841 Schoolhouse Rd E APT 1Fort 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 3841 Schoolhouse Rd E APT 1, Fort Myers, FL, 33916 offers a 19.3% rental yield on a $256,000 purchase with $4,118/mo rent. Total monthly income registers $4,118/mo, and a $1,253/mo payment leaves $1,912/mo available for distribution. Annual cash flow reaches $22,938/yr on $84,864 to close, and return on cash invested stands at 46.94% in year one. Equity gained on principal adds $1,652/yr while 5% annual appreciation supports $70,728 over five years. Portfolio math shows five-year ROI at 250.99% and total cumulative return in cash at $212,998. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,118/mo property income against a $1,253/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
N/A lot
$N/A/sqft
$405 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
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Listed by: Alina Jimenez • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11487583
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.