243 Indies RdRamrod 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 Ramrod Key at 243 Indies Rd, Ramrod Key, FL, 33042 offers $5,735/mo rent that, after a $7,290/mo payment. Total monthly income is $5,735/mo. Return on cash invested measures 10.05% in year one, and rental yield stands at 4.62% at a $1,489,500 entry. Equity gained on principal adds $9,612/yr while 5% annual appreciation compounds into $411,521 by year five. Five-year ROI records 50.48% and total cumulative return in cash reaches $243,639. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,735/mo property income versus a $7,290/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
6,098 sqft 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: Loren A Rea • Truman & Co. (KW)
Mls Name: FLKMLS
Mls Provider:
Mls ID: #612332
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.