518 Eland Dr #518North Fort MyersFL33917
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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 518 Eland Dr #518, North Fort Myers, FL, 33917 uses $54,996 cash to close to unlock $2,113/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,277/mo, and a $812/mo payment keeps the spread at $176/mo. Purchase price stands at $165,900, and rental yield measures 9.24% with $1,277/mo rent. Return on cash invested shows 23.75% in year one, and 5% annual appreciation builds toward $45,835 over five years. Five-year ROI reaches 124.12% and total cumulative return in cash records $68,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,277/mo property income covering a $812/mo payment rather than investor’s personal income.
Manufactured
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33917, North Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,439 (100%) |
| Owner Occupied HU | 14,788 (69.0%) |
| Renter Occupied HU | 2,351 (11.0%) |
| Vacant Housing Units | 4,300 (20.1%) |
| Median Home Value | $308,741 |
| Average Home Value | $369,605 |
Housing Distribution
Address Breakdown
Residential
18,291
Single Family
17,205
Multi-Family
1,086
Businesses
276
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Listed by: N/A • MyMHcommunity
Mls Name: ELS
Mls Provider:
Mls ID: #N/A