29859 Overseas Hwy LOT 37Big Pine KeyFL33043
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
Investment property for sale in Big Pine Key at 29859 Overseas Hwy LOT 37, Big Pine Key, FL, 33043 listed at $274,999 pairs $2,648/mo rent with a $1,346/mo payment to leave $823/mo cash flow. Total monthly income runs $2,648/mo, and annual cash flow reaches $9,876/yr on $91,162 cash to close. Return on cash invested measures 30.74% in year one, and rental yield registers 11.55% at a $274,999 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 161.59% and total cumulative return in cash totals $147,311. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,648/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2021
922 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Halley Haack • Coldwell Banker Schmitt RE Co.
Mls Name: FLKMLS
Mls ID: #617862