938 Lazy 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 938 Lazy Ln, North Fort Myers, FL, 33917 earns $6/mo cash flow from $1,046/mo rent with a $634/mo payment. Total monthly income totals $1,046/mo, and annual cash flow totals $77/yr on $42,929 capital. ROI tracks 20.09% on current figures, and rental yield reads 9.69% at a $129,500 purchase. Equity gained on principal adds $836/yr, and 5% annual appreciation supports $35,778 over five years. Five-year ROI reaches 106.31% and total cumulative return in cash sums $45,638. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,046/mo property income instead of your personal income.
Manufactured
Built in 1972
5,009 sqft lot
$N/A/sqft
$2,160 annually 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: Bonney Leckie • Century 21 Selling Paradise
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224097763
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.