17703 Heron LnFort MyersFL33908
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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 Fort Myers at 17703 Heron Ln, Fort Myers, FL, 33908 earns $51/mo cash flow from $1,610/mo rent with a $1,150/mo payment. Total monthly income totals $1,610/mo, and annual cash flow totals $609/yr on $77,903 capital. ROI tracks 20.69% on current figures, and rental yield reads 8.22% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 107.63% and total cumulative return in cash sums $83,848. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,610/mo property income instead of your personal income.
Condo
Built in 1989
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33908, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,029 (100%) |
| Owner Occupied HU | 15,858 (51.1%) |
| Renter Occupied HU | 5,421 (17.5%) |
| Vacant Housing Units | 9,750 (31.4%) |
| Median Home Value | $495,639 |
| Average Home Value | $585,764 |
Housing Distribution
Address Breakdown
Residential
26,065
Single Family
17,390
Multi-Family
8,675
Businesses
1,171
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Listed by: Lisa Shepard • RE/MAX Realty Group
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025012976