5513 Salem 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 5513 Salem Ln, North Fort Myers, FL, 33917 offers a 9.6% rental yield on a $129,500 purchase with $1,036/mo rent. Total monthly income registers $1,036/mo, and a $634/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,117/yr on $42,929 to close, and return on cash invested stands at 24.84% in year one. Equity gained on principal adds $836/yr while 5% annual appreciation supports $35,778 over five years. Portfolio math shows five-year ROI at 129.96% and total cumulative return in cash at $55,790. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,036/mo property income against a $634/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Antonette Fazlic • She Sells Florida LLC
Mls Name: Florida Gulf Coast MLS
Mls ID: #2026004641