701 Spanish Main Dr #444Cudjoe KeyFL33042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cudjoe Key at 701 Spanish Main Dr #444, Cudjoe Key, FL, 33042 generates $3,931/mo in rent and, after a $2,814/mo payment, leaves $116/mo in cash flow. Total monthly income is $3,931/mo, and annual cash flow is $1,386/yr on $189,175 invested. Return on cash invested sits at 20.79% in year one, and rental yield is 8.2% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 108.15% and total cumulative return in cash sums $204,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,931/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
2,178 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary F. Conklin • Action Keys Realty of the Lower FL Keys LLC
Mls Name: FLKMLS
Mls ID: #617887