17983 Modena RdMiromar LakesFL33913
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 17983 Modena Rd, Miromar Lakes, FL, 33913 in Miromar Lakes. Priced at $725,000, it generates $9,962/mo in gross rent and $4,232/mo in net monthly cash flow, a 16.49% yield that comfortably supports the 3.06 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $50,786. Five-year appreciation: $200,304. Equity from principal paydown: $6,677/yr. Total projected cumulative return: $552,675.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.5% | 5.0% |
| Monthly Cash Flow | $4,232 | $1,200 |
City averages based on Miromar Lakes market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,962 |
| Total Monthly Debt Service | $5,442 |
| DSCR Ratio | 1.83x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
8,189 sqft lot
$N/A/sqft
$11,028 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33913, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 14,493 (66.3%) |
| Renter Occupied HU | 2,420 (11.1%) |
| Vacant Housing Units | 4,936 (22.6%) |
| Median Home Value | $534,248 |
| Average Home Value | $646,036 |
Housing Distribution
Address Breakdown
Residential
19,079
Single Family
16,766
Multi-Family
2,313
Businesses
938
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
Single Family
Built in 2002
8,189 sqft lot
$N/A/sqft
$11,028 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33913, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 14,493 (66.3%) |
| Renter Occupied HU | 2,420 (11.1%) |
| Vacant Housing Units | 4,936 (22.6%) |
| Median Home Value | $534,248 |
| Average Home Value | $646,036 |
Housing Distribution
Address Breakdown
Residential
19,079
Single Family
16,766
Multi-Family
2,313
Businesses
938
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices