56 W Shore DrSummerland 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
Rental property for sale in Summerland Key at 56 W Shore Dr, Summerland Key, FL, 33042 offers $5,797/mo rent that, after a $3,842/mo payment, leaves $588/mo cash flow. Total monthly income is $5,797/mo, and annual cash flow is $7,053/yr on $258,265 cash. Return on cash invested measures 22.79% in year one, and rental yield stands at 8.86% at a $785,000 entry. Equity gained on principal adds $5,065/yr while 5% annual appreciation compounds into $216,881 by year five. Five-year ROI records 118.85% and total cumulative return in cash reaches $306,950. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,797/mo property income versus a $3,842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
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: Veronica Crego-Flores • Genstone Realty LLC
Mls Name: FLKMLS
Mls ID: #617535