438 Snead 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
Rental property for sale in North Fort Myers at 438 Snead Dr, North Fort Myers, FL, 33903 priced at $250,000 converts $2,152/mo rent into $493/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,152/mo, and annual cash flow totals $5,911/yr on $82,875 invested. Return on cash invested prints 27.04% in year one, and rental yield reads 10.33% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 141.68% and total cumulative return in cash sums $117,418. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,152/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Condo
Built in 2011
4,443 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
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Listed by: Jillene Stencil • Legacy Premier Realty LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026003926