20 Fletcher Dr #24North Fort MyersFL33903
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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 20 Fletcher Dr #24, North Fort Myers, FL, 33903 with 5% annual appreciation on a $125,900 basis while $1,023/mo rent supports operations. Total monthly income totals $1,023/mo and a $616/mo payment preserves $188/mo for cash returns. Annual cash flow comes to $2,253/yr on $41,736 deployed, and return on cash invested reaches 25.31% in year one. Equity gained on principal adds $812/yr, and five-year appreciation sums $34,784 alongside rental yield of 9.75%. Five-year ROI measures 132.4% and total cumulative return in cash totals $55,260.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,023/mo property income versus a $616/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33903, North Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,516 (100%) |
| Owner Occupied HU | 9,855 (59.7%) |
| Renter Occupied HU | 2,839 (17.2%) |
| Vacant Housing Units | 3,822 (23.1%) |
| Median Home Value | $292,268 |
| Average Home Value | $343,390 |
Housing Distribution
Address Breakdown
Residential
13,783
Single Family
12,014
Multi-Family
1,769
Businesses
787
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Listed by: Jocelyn Allen • MHV II TRS LLC
Mls Name: My State MLS
Mls ID: #11415246