20577 Chestnut Ridge DrNorth Fort MyersFL33917
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
Investment Highlights
Investment property for sale in North Fort Myers at 20577 Chestnut Ridge Dr, North Fort Myers, FL, 33917 offers a 9.49% rental yield on a $288,500 purchase with $2,281/mo rent. 05% in year one. Equity gained on principal adds $1,862/yr while 5% annual appreciation supports $79,707 over five years. Portfolio math shows five-year ROI at 85.81% and total cumulative return in cash at $82,069. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,281/mo property income against a $1,412/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2014
4,791 sqft lot
$N/A/sqft
$5,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Abshire • John R. Wood Properties
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224095404
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.