648 Future DrNorth 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
Rental property for sale in North Fort Myers at 648 Future Dr, North Fort Myers, FL, 33917 priced at $124,750 converts $943/mo rent into after a $611/mo obligation. Total monthly income equals $943/mo. Return on cash invested prints 16.87% in year one, and rental yield reads 9.07% against a $124,750 entry. Equity gained on principal adds $805/yr, while 5% annual appreciation compiles into $34,466 by year five. Five-year ROI reaches 89.54% and total cumulative return in cash sums $37,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $943/mo property income covering a $611/mo payment, not borrower’s personal income.
Manufactured
Built in 1978
4,264 sqft lot
$N/A/sqft
$180 monthly 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: Bonney Leckie • Century 21 Selling Paradise
Mls Name: Florida Gulf Coast MLS
Mls Provider:
Mls ID: #2025008520
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.