770 Pirates Rest RdNorth 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
Investment property for sale in North Fort Myers at 770 Pirates Rest Rd, North Fort Myers, FL, 33917 uses $35,437 cash to close to unlock $1,390/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $825/mo, and a $523/mo payment keeps the spread at $116/mo. Purchase price stands at $106,900, and rental yield measures 9.26% with $825/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $29,535 over five years. Five-year ROI reaches 124.51% and total cumulative return in cash records $44,122. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $825/mo property income covering a $523/mo payment rather than investor’s personal income.
Manufactured
Built in 1978
N/A 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: Julie Houck • SUNSET COMMUNITIES LLC
Mls Name: NY State MLS
Mls ID: #11515305