112 Cortez Dr #B1IslamoradaFL33036
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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 Islamorada at 112 Cortez Dr #B1, Islamorada, FL, 33036 uses $213,817 cash to close to unlock $9,421/yr annual cash flow and $785/mo monthly cash flow. Total monthly income runs $5,098/mo, and a $3,181/mo payment keeps the spread at $785/mo. Purchase price stands at $649,900, and rental yield measures 9.41% with $5,098/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 127.85% and total cumulative return in cash records $273,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,098/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Townhouse
Built in 1980
0.01 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33036, Islamorada, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,495 (100%) |
| Owner Occupied HU | 1,353 (38.7%) |
| Renter Occupied HU | 467 (13.4%) |
| Vacant Housing Units | 1,675 (47.9%) |
| Median Home Value | $989,443 |
| Average Home Value | $1,148,971 |
Housing Distribution
Address Breakdown
Residential
2,561
Single Family
2,019
Multi-Family
542
Businesses
395
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Listed by: Melissa Nowell • Coldwell Banker Schmitt Islamorada
Mls Name: FLKMLS
Mls ID: #617914