1003 Tropic TerNorth Fort MyersFL33903
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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 North Fort Myers at 1003 Tropic Ter, North Fort Myers, FL, 33903 earns $143/mo cash flow from $962/mo rent with a $604/mo payment. Total monthly income totals $962/mo, and annual cash flow totals $1,716/yr on $40,924 capital. ROI tracks 24.1% on current figures, and rental yield reads 9.35% at a $123,450 purchase. Equity gained on principal adds $797/yr, and 5% annual appreciation supports $34,107 over five years. Five-year ROI reaches 125.94% and total cumulative return in cash sums $51,538. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $962/mo property income instead of your personal income.
Condo
Built in 1964
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33903, North Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,516 (100%) |
| Owner Occupied HU | 9,855 (59.7%) |
| Renter Occupied HU | 2,839 (17.2%) |
| Vacant Housing Units | 3,822 (23.1%) |
| Median Home Value | $292,268 |
| Average Home Value | $343,390 |
Housing Distribution
Address Breakdown
Residential
13,783
Single Family
12,014
Multi-Family
1,769
Businesses
787
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Listed by: Mary Lou Carpenter • Rossman Realty Group Inc
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025016421