4840 Golf Club Ct APT 5North 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 4840 Golf Club Ct APT 5, North Fort Myers, FL, 33903 priced at $120,000 pairs $3,857/mo rent with $2,483/mo cash flow after a $587/mo payment. Total monthly income equals $3,857/mo, and annual cash flow comes to $29,792/yr on $39,780 invested. Return on cash invested is 94.8% in year one, and rental yield stands at 38.57% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 511.39% and total cumulative return in cash reaches $203,431. For financing, Ziffy Mortgage’s DSCR program evaluates $3,857/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1969
7,405 sqft lot
$N/A/sqft
$6,940 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph Trunkett • Commercium Real Estate Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224045201
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.