5520 Colonial RdNorth Fort MyersFL33917
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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
Investment property for sale in North Fort Myers at 5520 Colonial Rd, North Fort Myers, FL, 33917 at $179,000 posts ROI 33.28% with $661/mo cash flow from $1,849/mo rent. Total monthly income equals $1,849/mo, and annual cash flow records $7,935/yr on $59,339 to close. Return on cash invested measures 33.28% and rental yield reads 12.4% at the current $179,000. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 by year five. Five-year ROI prints 175.22% and total cumulative return in cash totals $103,971.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,849/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1980
3,615 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: Vickie Felitsky • Century 21 AllPoints Realty
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025026169