228 Caravan CirNorth 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
Rental property for sale in North Fort Myers at 228 Caravan Cir, North Fort Myers, FL, 33903 priced at $105,500 converts $1,727/mo rent into $820/mo cash flow after a $516/mo obligation. Total monthly income equals $1,727/mo, and annual cash flow totals $9,845/yr on $34,973 invested. Return on cash invested prints 48.06% in year one, and rental yield reads 19.64% against a $105,500 entry. Equity gained on principal adds $681/yr, while 5% annual appreciation compiles into $29,148 by year five. Five-year ROI reaches 257.04% and total cumulative return in cash sums $89,895. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,727/mo property income covering a $516/mo payment, not borrower’s personal income.
Manufactured
Built in 1986
2,308 sqft lot
$N/A/sqft
$2,424 annually 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: Mojgan Styner • Moonstone Realty LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224074544
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.