1611 Sand Castle RdSanibelFL33957
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
Total monthly income runs $4,853/mo, and a $3,666/mo payment. Purchase price stands at $749,000, and rental yield measures 7.78% with $4,853/mo rent. Return on cash invested shows 19.41% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 100.74% and total cumulative return in cash records $248,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,853/mo property income covering a $3,666/mo payment rather than investor’s personal income.
Multi Family
Built in 1984
6,098 sqft lot
$N/A/sqft
$200 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: John Bondurant • Kingfisher Real Estate Inc.
Mls Name: Sanibel And Captiva Island AOR
Mls Provider:
Mls ID: #2250868
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.