North Ft Myers Mobile Below $50k

North Ft Myers Mobile Below $50k

1 bed 1 bath 552 sq ft Built in 1961 Manufactured Home
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63
Occupancy Status
Low High
10 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Here's an affordable opportunity to own a low-maintenance rental in North Fort Myers. This one-bedroom, one-bathroom mobile home is located within a 55+ community with low HOA payments of $28 per month. Additional features include a metal roof, carport and shed. The convenient location is within minutes of shopping, dining and local amenities like the public library and recreation center. 

Similar one-bedroom mobiles have recently sold for $61,000 – $67,000 in this neighborhood and are being rented for $1,100 – $1,300 per month depending on the condition. Opportunities at this price point are hard to come by. Contact your EquityPro Advisor today for more information.

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We recommend rent
Rent Flip
Rental Income
$1,200 mo. / $14,400 yr.
Investor Price
$47,500
Closing Costs to Buy
$3,500
Rehab Projection
$14,750
Utilities
$350
Property Insurance
$1,200 / yr.
Estimated Taxes
$453 / yr.
Property Management
$1,440 / yr.
Maintenance
$500 / yr.
HOA Dues
$336 / yr.
$10,471
Projected Income
15.84%
Estimated APY
After Repair Value
$69,000
Investor Price
$47,500
Closing Costs to Buy
$3,500
Rehab Projection
$16,300
Utilities
$350
Closing Costs to Sell
$2,925
$-1,575
Projected Income
-2.23%
Estimated ROI

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