1446 Sandpiper CirSanibelFL33957
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
Rental property for sale in Sanibel at 1446 Sandpiper Cir, Sanibel, FL, 33957 priced at $639,000 converts $9,666/mo rent into $5,323/mo cash flow after a $3,128/mo obligation. Total monthly income equals $9,666/mo, and annual cash flow totals $63,878/yr on $210,231 invested. Return on cash invested prints 50.45% in year one, and rental yield reads 18.15% against a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation compiles into $176,544 by year five. Five-year ROI reaches 267.37% and total cumulative return in cash sums $562,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,666/mo property income covering a $3,128/mo payment, not borrower’s personal income.
Multi Family
Built in 1980
0.31 Acres lot
$N/A/sqft
$130 annually 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: Mary Bondurant • Kingfisher Real Estate, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224036070
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.