103 Gaslight AveNorth Fort MyersFL33917
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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 North Fort Myers at 103 Gaslight Ave, North Fort Myers, FL, 33917 priced at $103,500 pairs $1,514/mo rent with $827/mo cash flow after a $507/mo payment. Total monthly income equals $1,514/mo, and annual cash flow comes to $9,921/yr on $34,310 invested. Return on cash invested is 48.82% in year one, and rental yield stands at 17.55% on a $103,500 basis. Equity gained on principal adds $668/yr, and 5% annual appreciation accumulates to $28,595 by year five. Five-year ROI measures 258.53% and total cumulative return in cash reaches $88,703. For financing, Ziffy Mortgage’s DSCR program evaluates $1,514/mo property income against a $507/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1967
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33917, North Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,439 (100%) |
| Owner Occupied HU | 14,788 (69.0%) |
| Renter Occupied HU | 2,351 (11.0%) |
| Vacant Housing Units | 4,300 (20.1%) |
| Median Home Value | $308,741 |
| Average Home Value | $369,605 |
Housing Distribution
Address Breakdown
Residential
18,291
Single Family
17,205
Multi-Family
1,086
Businesses
276
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Listed by: Frank Zambrano • Steelbridge Realty LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224073890
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.