29961 Pine Channel RdBig 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 29961 Pine Channel Rd, Big Pine Key, FL, 33043 priced at $590,000 pairs $4,823/mo rent with $907/mo cash flow after a $2,888/mo payment. Total monthly income equals $4,823/mo, and annual cash flow comes to $10,889/yr on $194,110 invested. Return on cash invested is 25.67% in year one, and rental yield stands at 9.81% on a $590,000 basis. Equity gained on principal adds $3,807/yr, and 5% annual appreciation accumulates to $163,006 by year five. Five-year ROI measures 134.31% and total cumulative return in cash reaches $260,704. For financing, Ziffy Mortgage’s DSCR program evaluates $4,823/mo property income against a $2,888/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
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: Jimmy R Lane • Island Life Realty Experts
Mls Name: FLKMLS
Mls Provider:
Mls ID: #601335
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.