118 Cortez Dr #AIslamoradaFL33036
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 118 Cortez Dr #A, Islamorada, FL, 33036 at $689,000 posts ROI 31.43% with $2,148/mo cash flow from $6,720/mo rent. Total monthly income equals $6,720/mo, and annual cash flow records $25,776/yr on $226,681 to close. Return on cash invested measures 31.43% and rental yield reads 11.7% at the current $689,000. Equity gained on principal adds $4,446/yr, and 5% annual appreciation supports $190,358 by year five. Five-year ROI prints 165.18% and total cumulative return in cash totals $374,430.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,720/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1980
N/A 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: Bettina Garber • Ocean Sotheby's International Realty
Mls Name: FLKMLS
Mls ID: #617693