3384 Rainbow 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 3384 Rainbow Ln, North Fort Myers, FL, 33903 earns $2,064/mo cash flow from $3,118/mo rent with a $563/mo payment. Total monthly income totals $3,118/mo, and annual cash flow totals $24,762/yr on $38,119 capital. ROI tracks 84.87% on current figures, and rental yield reads 32.54% at a $114,990 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,770 over five years. Five-year ROI reaches 455.16% and total cumulative return in cash sums $173,502. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,118/mo property income instead of your personal income.
Manufactured
Built in 1979
4,268 sqft lot
$N/A/sqft
$3,420 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: Anthony Daniels • RE/MAX Realty Team
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224063451
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.