505 Lighthouse WaySanibelFL33957
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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 Sanibel at 505 Lighthouse Way, Sanibel, FL, 33957 priced at $1,699,000 pairs $5,026/mo rent with after a $8,316/mo payment. Total monthly income equals $5,026/mo. Return on cash invested is 6.75% in year one, and rental yield stands at 3.55% on a $1,699,000 basis. Equity gained on principal adds $10,963/yr, and 5% annual appreciation accumulates to $469,402 by year five. Five-year ROI measures 32.76% and total cumulative return in cash reaches $180,329. For financing, Ziffy Mortgage’s DSCR program evaluates $5,026/mo property income against a $8,316/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33957, Sanibel, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,915 (100%) |
| Owner Occupied HU | 3,136 (39.6%) |
| Renter Occupied HU | 292 ( 3.7%) |
| Vacant Housing Units | 4,487 (56.7%) |
| Median Home Value | $923,512 |
| Average Home Value | $1,061,888 |
Housing Distribution
Address Breakdown
Residential
4,295
Single Family
4,282
Multi-Family
13
Businesses
408
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