120 Waters Way Plan, Sun Outdoors Islamorada, Islamorada, FL, 33036 | $1,350/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Islamorada at 120 Waters Way Plan, Sun Outdoors Islamorada, Islamorada, FL, 33036 offers a 10.78% rental yield on a $574,995 purchase with $5,165/mo rent. Total monthly income registers $5,165/mo, and a $2,814/mo payment leaves $1,350/mo available for distribution. Annual cash flow reaches $16,195/yr on $189,173 to close, and return on cash invested stands at 28.62% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,861 over five years. Portfolio math shows five-year ROI at 150.13% and total cumulative return in cash at $284,001. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,165/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2025

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