Palm Beach 48' Plan, Island Vista EstatesNorth 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 Palm Beach 48' Plan, Island Vista Estates, North Fort Myers, FL, 33903 priced at $159,000 converts $1,275/mo rent into $220/mo cash flow after a $778/mo obligation. Total monthly income equals $1,275/mo, and annual cash flow totals $2,641/yr on $52,709 invested. Return on cash invested prints 24.92% in year one, and rental yield reads 9.62% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 130.41% and total cumulative return in cash sums $68,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,275/mo property income covering a $778/mo payment, not borrower’s personal income.
Manufactured
Built in 2026
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: N/A • MyMHcommunity
Mls Name: ELS
Mls Provider:
Mls ID: #N/A