16042 Citron WayNorth 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 16042 Citron Way, North Fort Myers, FL, 33903 offers a 15.64% rental yield on a $139,900 purchase with $1,823/mo rent. Total monthly income registers $1,823/mo, and a $685/mo payment leaves $894/mo available for distribution. Annual cash flow reaches $10,732/yr on $46,377 to close, and return on cash invested stands at 43.05% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 227.6% and total cumulative return in cash at $105,555. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,823/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1980
3,920 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: Matt Makousky • RE/MAX Realty Team
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026000011