1401 Middle Gulf Dr UNIT R401SanibelFL33957
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1401 Middle Gulf Dr UNIT R401, Sanibel, FL, 33957 in Sanibel worth study. Rental yield 4.02%. The 4.02% gross yield is below cash-flow benchmarks at $1,295,000, but 5% annual appreciation, adding $357,785 over five years, frames this as a capital growth position. Rent of $4,340/mo partially offsets the $5,823/mo payment. Ziffy Mortgage finances appreciation-play properties (0.75 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $138,840.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 5.5% |
| Monthly Cash Flow | $(5,603) | $1,500 |
City averages based on Sanibel market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,340 |
| Total Monthly Debt Service | $9,429 |
| DSCR Ratio | 0.46x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$4,050 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33957, Sanibel, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,915 (100%) |
| Owner Occupied HU | 3,136 (39.6%) |
| Renter Occupied HU | 292 ( 3.7%) |
| Vacant Housing Units | 4,487 (56.7%) |
| Median Home Value | $923,512 |
| Average Home Value | $1,061,888 |
Housing Distribution
Address Breakdown
Residential
4,295
Single Family
4,282
Multi-Family
13
Businesses
408
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$4,050 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33957, Sanibel, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,915 (100%) |
| Owner Occupied HU | 3,136 (39.6%) |
| Renter Occupied HU | 292 ( 3.7%) |
| Vacant Housing Units | 4,487 (56.7%) |
| Median Home Value | $923,512 |
| Average Home Value | $1,061,888 |
Housing Distribution
Address Breakdown
Residential
4,295
Single Family
4,282
Multi-Family
13
Businesses
408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Andrews • SanibelSusan Realty Associates
Mls Name: Sanibel And Captiva Island AOR
Mls Provider:
Mls ID: #2240272
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.