1208 Michael AveLehigh AcresFL33972
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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 Lehigh Acres at 1208 Michael Ave, Lehigh Acres, FL, 33972 earns from $1,968/mo rent with a $1,688/mo payment. Total monthly income totals $1,968/mo. ROI tracks 16.54% on current figures, and rental yield reads 6.85% at a $344,900 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,290 over five years. Five-year ROI reaches 85.4% and total cumulative return in cash sums $97,641. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,968/mo property income instead of your personal income.
Single Family
Built in 2024
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33972, Lehigh Acres, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,084 (100%) |
| Owner Occupied HU | 4,475 (73.6%) |
| Renter Occupied HU | 1,225 (20.1%) |
| Vacant Housing Units | 384 ( 6.3%) |
| Median Home Value | $361,478 |
| Average Home Value | $387,083 |
Housing Distribution
Address Breakdown
Residential
5,915
Single Family
5,659
Multi-Family
256
Businesses
9
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Listed by: Jonathan Manetta • LPT Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224102482
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.