245 Palmer BLVDNorth 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 245 Palmer BLVD, North Fort Myers, FL, 33903 offers a 9.7% rental yield on a $223,000 purchase with $1,802/mo rent. Total monthly income registers $1,802/mo, and a $1,091/mo payment leaves $323/mo available for distribution. Annual cash flow reaches $3,871/yr on $73,925 to close, and return on cash invested stands at 25.15% in year one. Equity gained on principal adds $1,439/yr while 5% annual appreciation supports $61,611 over five years. Portfolio math shows five-year ROI at 131.52% and total cumulative return in cash at $97,229. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,802/mo property income against a $1,091/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
4,356 sqft 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: Meagan Belger • Premiere Plus Realty Company
Mls Name: SWFLMLS
Mls ID: #225044281