361 Caribbean Dr ESummerland KeyFL33042
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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 Summerland Key at 361 Caribbean Dr E, Summerland Key, FL, 33042 earns from $6,600/mo rent with a $6,975/mo payment. Total monthly income totals $6,600/mo. ROI tracks 12.94% on current figures, and rental yield reads 5.56% at a $1,425,000 purchase. Equity gained on principal adds $9,195/yr, and 5% annual appreciation supports $393,701 over five years. Five-year ROI reaches 66.01% and total cumulative return in cash sums $304,748. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,600/mo property income instead of your personal income.
Single Family
Built in 1988
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
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Listed by: Lisa H Ferringo • Coldwell Banker Schmitt Lower Keys (KW)
Mls Name: FLKMLS
Mls Provider:
Mls ID: #612401
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.