434 Rainbow DrNorth 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 434 Rainbow Dr, North Fort Myers, FL, 33903 at $165,900 posts ROI 41.66% with $997/mo cash flow from $2,386/mo rent. Total monthly income equals $2,386/mo, and annual cash flow records $11,965/yr on $54,996 to close. Return on cash invested measures 41.66% and rental yield reads 17.26% at the current $165,900. Equity gained on principal adds $1,071/yr, and 5% annual appreciation supports $45,835 by year five. Five-year ROI prints 222.46% and total cumulative return in cash totals $122,346.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,386/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1993
4,007 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: #223077704
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.