83 Oak StNorth 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
Rental property for sale in North Fort Myers at 83 Oak St, North Fort Myers, FL, 33903 priced at $115,000 converts $1,396/mo rent into $512/mo cash flow after a $563/mo obligation. Total monthly income equals $1,396/mo, and annual cash flow totals $6,145/yr on $38,123 invested. Return on cash invested prints 36.03% in year one, and rental yield reads 14.57% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 191.38% and total cumulative return in cash sums $72,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,396/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1957
7,187 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: Rene Ferrell • Realty World-C Bagans 1st
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225051900
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.