2993 Rain Dance LnNorth Fort MyersFL33917
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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 2993 Rain Dance Ln, North Fort Myers, FL, 33917 at $139,000 posts ROI 20.95% with $40/mo cash flow from $1,088/mo rent. Total monthly income equals $1,088/mo, and annual cash flow records $479/yr on $46,079 to close. Return on cash invested measures 20.95% and rental yield reads 9.39% at the current $139,000. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 by year five. Five-year ROI prints 110.18% and total cumulative return in cash totals $50,768.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,088/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1986
4,704 sqft lot
$N/A/sqft
$1,512 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
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Listed by: Karen Montgomery • RE/MAX Realty Team
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225039458
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.