701 Spanish Main Dr #62Cudjoe 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 Cudjoe Key at 701 Spanish Main Dr #62, Cudjoe Key, FL, 33042 generates $3,112/mo in rent and, after a $1,708/mo payment, leaves $199/mo in cash flow. Total monthly income is $3,112/mo, and annual cash flow is $2,391/yr on $115,694 invested. Return on cash invested sits at 21.98% in year one, and rental yield is 10.7% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 116.78% and total cumulative return in cash sums $135,108. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,112/mo property income rather than buyer’s personal income.
Manufactured
Built in 1983
2,178 sqft lot
$N/A/sqft
$1,762 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: Susan Halligan • Live Local Realty of the Florida Keys
Mls Name: FLKMLS
Mls Provider:
Mls ID: #612945
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.