690 Barry AveLittle Torch 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 Little Torch Key at 690 Barry Ave, Little Torch Key, FL, 33042 offers $6,600/mo rent that, after a $7,929/mo payment. Total monthly income is $6,600/mo. Return on cash invested measures 10.88% in year one, and rental yield stands at 4.89% at a $1,620,000 entry. Equity gained on principal adds $10,454/yr while 5% annual appreciation compounds into $447,576 by year five. Five-year ROI records 54.93% and total cumulative return in cash reaches $288,330. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,600/mo property income versus a $7,929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.30 Acres 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: Jessica Nolan • Keller Williams Realty Fort Myers and the Islands
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224068031
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.