701 Spanish Main Dr #49Cudjoe 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
Total monthly income runs $3,114/mo, and a $4,527/mo payment. Purchase price stands at $925,000, and rental yield measures 4.04% with $3,114/mo rent. Return on cash invested shows 8.14% in year one, and 5% annual appreciation builds toward $255,560 over five years. Five-year ROI reaches 40.26% and total cumulative return in cash records $122,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,114/mo property income covering a $4,527/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
1,742 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
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Listed by: Bobby W Coe IV • RE/MAX Keys Connection (KW)
Mls Name: FLKMLS
Mls ID: #617499