16674 Elkhorn Coral DrNorth 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 16674 Elkhorn Coral Dr, North Fort Myers, FL, 33903 at $473,999 posts ROI 10.44% with from $2,034/mo rent. Total monthly income equals $2,034/mo. Return on cash invested measures 10.44% and rental yield reads 5.15% at the current $473,999. Equity gained on principal adds $3,059/yr, and 5% annual appreciation supports $130,957 by year five. Five-year ROI prints 53.03% and total cumulative return in cash totals $83,320. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,034/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
6,534 sqft lot
$N/A/sqft
$1,536 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: Michael Bone • DR Horton Realty SW FL LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #223078017
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.