524 Hogan 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 524 Hogan Dr, North Fort Myers, FL, 33903 offers a 9.03% rental yield on a $172,900 purchase with $1,301/mo rent. 11% in year one. Equity gained on principal adds $1,116/yr while 5% annual appreciation supports $47,769 over five years. Portfolio math shows five-year ROI at 70.67% and total cumulative return in cash at $40,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,301/mo property income against a $846/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
4,312 sqft lot
$N/A/sqft
$5,744 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: Daniel Parker • Steelbridge Realty LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224083280
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.