1610 Middle Gulf Dr UNIT B3SanibelFL33957
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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
Investment property for sale in Sanibel at 1610 Middle Gulf Dr UNIT B3, Sanibel, FL, 33957 uses $167,790 cash to close to unlock $4,101/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $3,726/mo, and a $2,496/mo payment keeps the spread at $342/mo. Purchase price stands at $510,000, and rental yield measures 8.77% with $3,726/mo rent. Return on cash invested shows 22.5% in year one, and 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 117.31% and total cumulative return in cash records $196,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,726/mo property income covering a $2,496/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No 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
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