116 Venetian DrIslamoradaFL33036
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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 Islamorada at 116 Venetian Dr, Islamorada, FL, 33036 priced at $1,575,000 converts $10,532/mo rent into $59/mo cash flow after a $7,709/mo obligation. Total monthly income equals $10,532/mo, and annual cash flow totals $708/yr on $510,300 invested. Return on cash invested prints 20.51% in year one, and rental yield reads 8.02% against a $1,575,000 entry. Equity gained on principal adds $10,163/yr, while 5% annual appreciation compiles into $435,143 by year five. Five-year ROI reaches 106.58% and total cumulative return in cash sums $543,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $10,532/mo property income covering a $7,709/mo payment, not borrower’s personal income.
Single Family
Built in 1986
6,969 sqft lot
$N/A/sqft
$250 yearly 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: JAMIE ENGEL, PA • Coldwell Banker Schmitt Islamorada
Mls Name: FLKMLS
Mls Provider:
Mls ID: #610158
Disclaimer: MLS Internet Data Exchange (IDX) information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.