3261 Lee Way Ct #508, North Fort Myers, FL, 33903 | $473/mo Cash Flow

For Sale

Listed for sale 4 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Fort Myers at 3261 Lee Way Ct #508, North Fort Myers, FL, 33903 offers a 10.34% rental yield on a $239,000 purchase with $2,059/mo rent. Total monthly income registers $2,059/mo, and a $1,170/mo payment leaves $473/mo available for distribution. Annual cash flow reaches $5,673/yr on $79,229 to close, and return on cash invested stands at 27.07% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 141.84% and total cumulative return in cash at $112,380. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,059/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 2005

9,147 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