423 Sombrero Beach Rd APT 2MarathonFL33050
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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 Marathon at 423 Sombrero Beach Rd APT 2, Marathon, FL, 33050 generates $2,478/mo in rent and, after a $1,806/mo payment, leaves $29/mo in cash flow. Total monthly income is $2,478/mo, and annual cash flow is $352/yr on $122,324 invested. Return on cash invested sits at 20.2% in year one, and rental yield is 8.06% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 104.99% and total cumulative return in cash sums $128,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,478/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33050, Marathon, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,703 (100%) |
| Owner Occupied HU | 3,114 (40.4%) |
| Renter Occupied HU | 1,731 (22.5%) |
| Vacant Housing Units | 2,858 (37.1%) |
| Median Home Value | $810,155 |
| Average Home Value | $1,034,655 |
Housing Distribution
Address Breakdown
Residential
6,022
Single Family
5,534
Multi-Family
488
Businesses
739
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