115 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
Investment property for sale in North Fort Myers at 115 Gaslight Ave, North Fort Myers, FL, 33917 offers a 9.09% rental yield on a $124,999 purchase with $947/mo rent. Total monthly income registers $947/mo, and a $612/mo payment leaves $81/mo available for distribution. Annual cash flow reaches $977/yr on $41,437 to close, and return on cash invested stands at 22.27% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 116.52% and total cumulative return in cash at $48,281. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $947/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1967
4,225 sqft lot
$N/A/sqft
$336 annually 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: Vanessa Gonzalez • Florida Resale Properties Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225005503
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.