3190 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
Investment property for sale in North Fort Myers at 3190 Mercury Ln, North Fort Myers, FL, 33903 with 5% annual appreciation on a $110,000 basis while $1,049/mo rent supports operations. Total monthly income totals $1,049/mo and a $538/mo payment preserves $67/mo for cash returns. Annual cash flow comes to $804/yr on $36,465 deployed, and return on cash invested reaches 22.11% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 11.44%. Five-year ROI measures 118.27% and total cumulative return in cash totals $43,128.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,049/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1980
4,617 sqft lot
$N/A/sqft
$2,556 annually 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: Joseph Klein • Century 21 Selling Paradise
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224028643
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.