585 116th StMarathonFL33050
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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 Marathon at 585 116th St, Marathon, FL, 33050 uses $205,625 cash to close to unlock $15,030/yr annual cash flow and $1,252/mo monthly cash flow. Total monthly income runs $5,400/mo, and a $3,059/mo payment keeps the spread at $1,252/mo. Purchase price stands at $625,000, and rental yield measures 10.37% with $5,400/mo rent. Return on cash invested shows 27.37% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 143.42% and total cumulative return in cash records $294,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 1955
2,613 sqft 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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Listed by: Paulette Thompson PA • Ocean Sotheby's International
Mls Name: FLKMLS
Mls Provider:
Mls ID: #615161
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.