701 Spanish Main Dr #510Cudjoe 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
Investment property for sale in Cudjoe Key at 701 Spanish Main Dr #510, Cudjoe Key, FL, 33042 uses $194,077 cash to close to unlock $11,667/yr annual cash flow and $972/mo monthly cash flow. Total monthly income runs $5,400/mo, and a $2,887/mo payment keeps the spread at $972/mo. Purchase price stands at $589,900, and rental yield measures 10.98% with $5,400/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $162,978 over five years. Five-year ROI reaches 137.62% and total cumulative return in cash records $267,081. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $2,887/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
2,178 sqft lot
$N/A/sqft
$1,540 quarterly 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: Ian Calderwood • Bluescape Real Estate
Mls Name: FLKMLS
Mls Provider:
Mls ID: #616317
Disclaimer: MLS Internet Data Exchange (IDX) information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.