18861 Shimmer Dawn CtNorth 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
Rental property for sale in North Fort Myers at 18861 Shimmer Dawn Ct, North Fort Myers, FL, 33917 priced at $443,597 converts $2,730/mo rent into after a $2,171/mo obligation. Total monthly income equals $2,730/mo. Return on cash invested prints 17.48% in year one, and rental yield reads 7.39% against a $443,597 entry. Equity gained on principal adds $2,862/yr, while 5% annual appreciation compiles into $122,558 by year five. Five-year ROI reaches 90.67% and total cumulative return in cash sums $133,331. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,730/mo property income covering a $2,171/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
$1,005 annually 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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Listed by: Dave Meyers • Lennar Realty Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224043312
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.