3920 Orange Grove Blvd APT 3North Fort MyersFL33903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3920 Orange Grove Blvd APT 3, North Fort Myers, FL, 33903 priced at $149,999 pairs $1,130/mo rent with $135/mo cash flow after a $734/mo payment. Total monthly income equals $1,130/mo, and annual cash flow comes to $1,617/yr on $49,725 invested. Return on cash invested is 23.16% in year one, and rental yield stands at 9.04% on a $149,999 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 120.89% and total cumulative return in cash reaches $60,114. For financing, Ziffy Mortgage’s DSCR program evaluates $1,130/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1978
5,797 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 |
Housing Distribution
Address Breakdown
Residential
13,783
Single Family
12,014
Multi-Family
1,769
Businesses
787
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Yeatter • Schooner Bay Realty, Inc.
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025016618