1165 Palm Ave APT 8DNorth 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 1165 Palm Ave APT 8D, North Fort Myers, FL, 33903 earns from $1,163/mo rent with a $759/mo payment. Total monthly income totals $1,163/mo. ROI tracks 10.38% on current figures, and rental yield reads 9% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 57.04% and total cumulative return in cash sums $29,308. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,163/mo property income instead of your personal income.
Condo
Built in 1984
2,983 sqft lot
$N/A/sqft
$6,504 annually 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: Eleanor Cheffer, PA • Downing Frye Realty Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224080495
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.