19461 Canal DrSugarloaf KeyFL33042
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 Sugarloaf Key at 19461 Canal Dr, Sugarloaf Key, FL, 33042 priced at $599,000 converts $6,600/mo rent into $2,625/mo cash flow after a $2,932/mo obligation. Total monthly income equals $6,600/mo, and annual cash flow totals $31,497/yr on $197,071 invested. Return on cash invested prints 36.04% in year one, and rental yield reads 13.22% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 189.92% and total cumulative return in cash sums $374,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,600/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33042, Summerland Key, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,791 (100%) |
| Owner Occupied HU | 2,570 (53.6%) |
| Renter Occupied HU | 503 (10.5%) |
| Vacant Housing Units | 1,718 (35.9%) |
| Median Home Value | $754,079 |
| Average Home Value | $932,409 |
Housing Distribution
Address Breakdown
Residential
3,922
Single Family
3,921
Multi-Family
1
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick Lively • Coldwell Banker Schmitt Real Estate Co. (KW)
Mls Name: FLKMLS
Mls Provider:
Mls ID: #611230
Disclaimer: MLS Internet Data Exchange (IDX) information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.