3405 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
Rental property for sale in North Fort Myers at 3405 Rainbow Ln, North Fort Myers, FL, 33903 generates $1,156/mo in rent, after a $707/mo payment. Total monthly income is $1,156/mo. Return on cash invested sits at 17.5% in year one, and rental yield is 9.6% on a $144,500 entry. Equity gained on principal adds $932/yr, while 5% annual appreciation builds toward $39,923 over five years. Five-year ROI reaches 93.31% and total cumulative return in cash sums $44,695. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,156/mo property income rather than buyer’s personal income.
Manufactured
Built in 1979
5,052 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: Matt Makousky • RE/MAX Realty Team
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225035921
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.