1715 Golf Club Dr APT 2North Fort MyersFL33903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in North Fort Myers at 1715 Golf Club Dr APT 2, North Fort Myers, FL, 33903 priced at $104,999 converts $800/mo rent into after a $514/mo obligation. Total monthly income equals $800/mo. Return on cash invested prints -1.52% in year one, and rental yield reads 9.14% against a $104,999 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,009 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $800/mo property income covering a $514/mo payment, not borrower’s personal income.
Condo
Built in 1969
5,553 sqft lot
$N/A/sqft
$7,496 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Megan Hartsgrove • LPT Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224083777
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.