17983 Modena RdMiromar LakesFL33913
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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
Rental property for sale in Miromar Lakes at 17983 Modena Rd, Miromar Lakes, FL, 33913 priced at $725,000 pairs $9,962/mo rent with $4,231/mo cash flow after a $3,549/mo payment. Total monthly income equals $9,962/mo, and annual cash flow comes to $50,775/yr on $238,525 invested. Return on cash invested is 41.35% in year one, and rental yield stands at 16.49% on a $725,000 basis. Equity gained on principal adds $4,678/yr, and 5% annual appreciation accumulates to $200,304 by year five. Five-year ROI measures 220.05% and total cumulative return in cash reaches $524,885. For financing, Ziffy Mortgage’s DSCR program evaluates $9,962/mo property income against a $3,549/mo payment instead of your W2s, 1099s, or Tax returns.
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
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Listed by: S. Jay Siegall • Sun Realty USA, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224058394
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.