1055 Palm Ave APT 216North 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 1055 Palm Ave APT 216, North Fort Myers, FL, 33903 uses $34,804 cash to close to unlock $1,502/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $822/mo, and a $514/mo payment keeps the spread at $125/mo. Purchase price stands at $104,990, and rental yield measures 9.4% with $822/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $29,007 over five years. Five-year ROI reaches 126.7% and total cumulative return in cash records $44,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $822/mo property income covering a $514/mo payment rather than investor’s personal income.
Condo
Built in 1982
9,265 sqft 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: Sarah Orum • RE/MAX Trend
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025024058