705 Leisure 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
Rental property for sale in North Fort Myers at 705 Leisure Ln, North Fort Myers, FL, 33917 offers $2,069/mo rent that, after a $573/mo payment, leaves $1,157/mo cash flow. Total monthly income is $2,069/mo, and annual cash flow is $13,887/yr on $38,786 cash. Return on cash invested measures 55.71% in year one, and rental yield stands at 21.22% at a $117,000 entry. Equity gained on principal adds $755/yr while 5% annual appreciation compounds into $32,325 by year five. Five-year ROI records 297.02% and total cumulative return in cash reaches $115,201. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,069/mo property income versus a $573/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
5,052 sqft lot
$N/A/sqft
$135 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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Nearby investment properties with comparable prices
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