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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Marco Island at 58 N Collier Blvd APT 406, Marco Island, FL, 34145 generates $9,600/mo in rent and, after a $4,099/mo payment, leaves $4,042/mo in cash flow. Total monthly income is $9,600/mo, and annual cash flow is $48,508/yr on $275,538 invested. Return on cash invested sits at 37.67% in year one, and rental yield is 13.76% on a $837,500 entry. Equity gained on principal adds $5,404/yr, while 5% annual appreciation builds toward $231,386 over five years. Five-year ROI reaches 198.62% and total cumulative return in cash sums $547,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,600/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34145, Marco Island, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,445 (100%) |
| Owner Occupied HU | 7,511 (40.7%) |
| Renter Occupied HU | 721 ( 3.9%) |
| Vacant Housing Units | 10,213 (55.4%) |
| Median Home Value | $1,061,611 |
| Average Home Value | $1,235,391 |
Residential
16,426
Single Family
8,455
Multi-Family
7,971
Businesses
637
Date | Event | Price |
|---|---|---|
| 2024-10-23 | Listed for sale | $837,500 |
| 2021-04-08 | Sold | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $4701.27 | -5.65% | $543,855 | 2.44% |
| 2022-12-26 | $4982.90 | 113.31% | $530,917 | 108.53% |
| 2021-12-26 | $2336.01 | 2.03% | $254,597 | 1.40% |
Listed by: Paula Wilde • Keller Williams Marco Realty
Mls Name: Marco Multi List
Mls Provider:
Mls ID: #2242096
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is 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. Copyright 2024 Marco Island Area Association of Realtors. All rights reserved.
