160 Ridge StPlantation KeyFL33036
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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 Plantation Key at 160 Ridge St, Plantation Key, FL, 33036 generates $5,467/mo in rent, after a $4,796/mo payment. Total monthly income is $5,467/mo. Return on cash invested sits at 16.21% in year one, and rental yield is 6.69% on a $979,900 entry. Equity gained on principal adds $6,323/yr, while 5% annual appreciation builds toward $270,728 over five years. Five-year ROI reaches 83.54% and total cumulative return in cash sums $269,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,467/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
7,840 sqft 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: Sandra Spaulding • Coldwell Banker Schmitt Islamorada
Mls Name: FLKMLS
Mls ID: #617233