629 Nerita St UNIT ASanibelFL33957
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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
Total monthly income runs $3,095/mo, and a $2,917/mo payment. Purchase price stands at $596,000, and rental yield measures 6.23% with $3,095/mo rent. Return on cash invested shows 10.15% in year one, and 5% annual appreciation builds toward $164,664 over five years. Five-year ROI reaches 52.72% and total cumulative return in cash records $103,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,095/mo property income covering a $2,917/mo payment rather than investor’s personal income.
Condo
Built in 1975
5,227 sqft lot
$N/A/sqft
$760 monthly 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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