29283 Coconut Palm DrBig Pine KeyFL33043
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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 Big Pine Key at 29283 Coconut Palm Dr, Big Pine Key, FL, 33043 generates $6,374/mo in rent and, after a $3,617/mo payment, leaves $1,470/mo in cash flow. Total monthly income is $6,374/mo, and annual cash flow is $17,639/yr on $243,131 invested. Return on cash invested sits at 27.32% in year one, and rental yield is 10.35% on a $739,000 entry. Equity gained on principal adds $4,769/yr, while 5% annual appreciation builds toward $204,172 over five years. Five-year ROI reaches 143.11% and total cumulative return in cash sums $347,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,374/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33043, Big Pine Key, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,297 (100%) |
| Owner Occupied HU | 1,804 (54.7%) |
| Renter Occupied HU | 453 (13.7%) |
| Vacant Housing Units | 1,040 (31.5%) |
| Median Home Value | $634,941 |
| Average Home Value | $713,442 |
Housing Distribution
Address Breakdown
Residential
2,787
Single Family
2,735
Multi-Family
52
Businesses
301
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Listed by: Stephany Duvall • Engel & Volkers Marathon
Mls Name: FLKMLS
Mls ID: #616179