653 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 653 Future Dr, North Fort Myers, FL, 33917 offers $925/mo rent that, after a $575/mo payment, leaves $145/mo cash flow. Total monthly income is $925/mo, and annual cash flow is $1,744/yr on $38,951 cash. Return on cash invested measures 24.39% in year one, and rental yield stands at 9.45% at a $117,500 entry. Equity gained on principal adds $758/yr while 5% annual appreciation compounds into $32,463 by year five. Five-year ROI records 127.52% and total cumulative return in cash reaches $49,670. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $925/mo property income versus a $575/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1980
4,268 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: Karen Montgomery • RE/MAX Realty Team
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025013547