18160 Old Bayshore RdNorth Fort MyersFL33917
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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 18160 Old Bayshore Rd, North Fort Myers, FL, 33917 offers a 12.14% rental yield on a $355,740 purchase with $3,598/mo rent. Total monthly income registers $3,598/mo, and a $1,741/mo payment leaves $1,237/mo available for distribution. Annual cash flow reaches $14,849/yr on $117,928 to close, and return on cash invested stands at 32.5% in year one. Equity gained on principal adds $2,296/yr while 5% annual appreciation supports $98,284 over five years. Portfolio math shows five-year ROI at 170.97% and total cumulative return in cash at $201,616. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,598/mo property income against a $1,741/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
3.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33917, North Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,439 (100%) |
| Owner Occupied HU | 14,788 (69.0%) |
| Renter Occupied HU | 2,351 (11.0%) |
| Vacant Housing Units | 4,300 (20.1%) |
| Median Home Value | $308,741 |
| Average Home Value | $369,605 |
Housing Distribution
Address Breakdown
Residential
18,291
Single Family
17,205
Multi-Family
1,086
Businesses
276
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