29859 Overseas HwyBig 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
Investment property for sale in Big Pine Key at 29859 Overseas Hwy, Big Pine Key, FL, 33043 uses $82,544 cash to close to unlock $3,112/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $2,117/mo, and a $1,219/mo payment keeps the spread at $259/mo. Purchase price stands at $249,000, and rental yield measures 10.2% with $2,117/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 124.76% and total cumulative return in cash records $102,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,117/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Manufactured
Built in 2015
N/A lot
$N/A/sqft
$205 monthly 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: Halley Haack • Coldwell Banker Schmitt Real E
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11760602
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.