274 Boros DrNorth 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 274 Boros Dr, North Fort Myers, FL, 33903 priced at $179,000 converts $1,506/mo rent into $318/mo cash flow after a $876/mo obligation. Total monthly income equals $1,506/mo, and annual cash flow totals $3,819/yr on $59,339 invested. Return on cash invested prints 26.34% in year one, and rental yield reads 10.1% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 138.01% and total cumulative return in cash sums $81,891. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,506/mo property income covering a $876/mo payment, not borrower’s personal income.
Condo
Built in 1975
4,617 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: Matt Moore • John R. Wood Properties
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026003657