566 Horizon 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 566 Horizon Dr, North Fort Myers, FL, 33903 listed at $169,950 pairs $1,334/mo rent with a $832/mo payment to leave $206/mo cash flow. Total monthly income runs $1,334/mo, and annual cash flow reaches $2,472/yr on $56,338 cash to close. Return on cash invested measures 24.3% in year one, and rental yield registers 9.42% at a $169,950 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,954 by year five. Five-year ROI tracks 126.96% and total cumulative return in cash totals $71,525. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,334/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
4,051 sqft lot
$N/A/sqft
No 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: Verna Regler • Century 21 Selling Paradise
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025006120