1348 Ocean DrSummerland KeyFL33042
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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 Summerland Key at 1348 Ocean Dr, Summerland Key, FL, 33042 generates $5,051/mo in rent, after a $5,751/mo payment. Total monthly income is $5,051/mo. Return on cash invested sits at 11.71% in year one, and rental yield is 5.16% on a $1,175,000 entry. Equity gained on principal adds $7,582/yr, while 5% annual appreciation builds toward $324,631 over five years. Five-year ROI reaches 59.39% and total cumulative return in cash sums $226,114. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,051/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33042, Summerland Key, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,791 (100%) |
| Owner Occupied HU | 2,570 (53.6%) |
| Renter Occupied HU | 503 (10.5%) |
| Vacant Housing Units | 1,718 (35.9%) |
| Median Home Value | $754,079 |
| Average Home Value | $932,409 |
Housing Distribution
Address Breakdown
Residential
3,922
Single Family
3,921
Multi-Family
1
Businesses
149
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Listed by: Jennifer Chaney • Chaney Homes
Mls Name: FLKMLS
Mls Provider:
Mls ID: #612074
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.