1073 River RdNorth 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 1073 River Rd, North Fort Myers, FL, 33903 at $175,500 posts ROI 38.27% with $890/mo cash flow from $2,124/mo rent. Total monthly income equals $2,124/mo, and annual cash flow records $10,680/yr on $58,178 to close. Return on cash invested measures 38.27% and rental yield reads 14.52% at the current $175,500. Equity gained on principal adds $1,132/yr, and 5% annual appreciation supports $48,487 by year five. Five-year ROI prints 202.46% and total cumulative return in cash totals $117,788.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,124/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
0.52 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: Char Seuffert • Re/Max Sunshine
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224095719
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.