5506 Virginia Dare LnNorth 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 5506 Virginia Dare Ln, North Fort Myers, FL, 33917 with 5% annual appreciation on a $165,000 basis while $1,280/mo rent supports operations. Total monthly income totals $1,280/mo and a $808/mo payment preserves $185/mo for cash returns. Annual cash flow comes to $2,215/yr on $54,698 deployed, and return on cash invested reaches 23.96% in year one. Equity gained on principal adds $1,065/yr, and five-year appreciation sums $45,586 alongside rental yield of 9.31%. Five-year ROI measures 125.18% and total cumulative return in cash totals $68,471.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,280/mo property income versus a $808/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1979
4,007 sqft 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: Claudia Springgay • LoKation
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025022827