3142 Mercury LnNorth 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 3142 Mercury Ln, North Fort Myers, FL, 33903 generates $1,096/mo in rent and, after a $685/mo payment, leaves $167/mo in cash flow. Total monthly income is $1,096/mo, and annual cash flow is $2,008/yr on $46,377 invested. Return on cash invested sits at 24.24% in year one, and rental yield is 9.4% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash sums $58,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,096/mo property income rather than buyer’s personal income.
Condo
Built in 1977
5,096 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: Larry Baylog • DomainRealty.com LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025012048