277 Las Palmas 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 277 Las Palmas Blvd, North Fort Myers, FL, 33903 with 5% annual appreciation on a $180,000 basis while $1,353/mo rent supports operations. Total monthly income totals $1,353/mo and a $881/mo payment preserves $159/mo for cash returns. Annual cash flow comes to $1,902/yr on $59,670 deployed, and return on cash invested reaches 23.1% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 9.02%. Five-year ROI measures 120.55% and total cumulative return in cash totals $71,933.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,353/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1986
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: Bonnie Moniz • Taylor Resort Homes, LLC
Mls Name: My State MLS
Mls ID: #11579291