875 Lacosta 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
Investment property for sale in North Fort Myers at 875 Lacosta Ln, North Fort Myers, FL, 33917 uses $43,095 cash to close to unlock $1,519/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $989/mo, and a $636/mo payment keeps the spread at $127/mo. Purchase price stands at $130,000, and rental yield measures 9.13% with $989/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 122.39% and total cumulative return in cash records $52,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $989/mo property income covering a $636/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
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: James Marlow • Sunshine Home Sales, LLC
Mls Name: My State MLS
Mls ID: #11489486