3146 Old Farmhouse DrNorth 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 3146 Old Farmhouse Dr, North Fort Myers, FL, 33917 listed at $178,300 pairs $2,940/mo rent with a $873/mo payment to leave $1,660/mo cash flow. Total monthly income runs $2,940/mo, and annual cash flow reaches $19,926/yr on $59,106 cash to close. Return on cash invested measures 53.62% in year one, and rental yield registers 19.79% at a $178,300 basis. Equity gained on principal adds $1,151/yr, and annual property appreciation at 5% supports $49,261 by year five. Five-year ROI tracks 284.96% and total cumulative return in cash totals $168,431. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,940/mo property income relative to a $873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
5,780 sqft lot
$N/A/sqft
$96 monthly 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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