332 Sunshine AveNorth 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 332 Sunshine Ave, North Fort Myers, FL, 33903 priced at $198,750 pairs $2,152/mo rent with $540/mo cash flow after a $973/mo payment. Total monthly income equals $2,152/mo, and annual cash flow comes to $6,474/yr on $65,886 invested. Return on cash invested is 29.74% in year one, and rental yield stands at 12.99% on a $198,750 basis. Equity gained on principal adds $1,283/yr, and 5% annual appreciation accumulates to $54,911 by year five. Five-year ROI measures 158.07% and total cumulative return in cash reaches $104,147. For financing, Ziffy Mortgage’s DSCR program evaluates $2,152/mo property income against a $973/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
5,706 sqft lot
$N/A/sqft
$3,456 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: Verna Regler • Century 21 Selling Paradise
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224029341
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.