698 Spartina CtSanibelFL33957
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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 Sanibel at 698 Spartina Ct, Sanibel, FL, 33957 with 5% annual appreciation on a $969,900 basis while $8,614/mo rent supports operations. Total monthly income totals $8,614/mo and a $4,747/mo payment preserves $2,178/mo for cash returns. Annual cash flow comes to $26,133/yr on $319,097 deployed, and return on cash invested reaches 28.25% in year one. Equity gained on principal adds $6,259/yr, and five-year appreciation sums $267,965 alongside rental yield of 10.66%. Five-year ROI measures 148.12% and total cumulative return in cash totals $472,653.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,614/mo property income versus a $4,747/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2010
0.52 Acres lot
$N/A/sqft
No 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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