86 Rhine Dr #86North 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
Investment property for sale in North Fort Myers at 86 Rhine Dr #86, North Fort Myers, FL, 33903 with 5% annual appreciation on a $162,888 basis while $2,879/mo rent supports operations. Total monthly income totals $2,879/mo and a $797/mo payment preserves $1,798/mo for cash returns. Annual cash flow comes to $21,580/yr on $53,997 deployed, and return on cash invested reaches 59.87% in year one. Equity gained on principal adds $1,051/yr, and five-year appreciation sums $45,003 alongside rental yield of 21.21%. Five-year ROI measures 317.81% and total cumulative return in cash totals $171,608.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,879/mo property income versus a $797/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2022
N/A 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: Amanda Cortez • Windmill Village
Mls Name: My State MLS
Mls ID: #11190883