701 Spanish Main Dr #635Cudjoe 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
Investment property for sale in Cudjoe Key at 701 Spanish Main Dr #635, Cudjoe Key, FL, 33042 offers a 7.19% rental yield on a $439,000 purchase with $2,630/mo rent. 57% in year one. Equity gained on principal adds $2,833/yr while 5% annual appreciation supports $121,288 over five years. Portfolio math shows five-year ROI at 90.9% and total cumulative return in cash at $132,284. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,630/mo property income against a $2,149/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
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: KIM BABENZIEN • Expert Realty LLC (HQ)
Mls Name: FLKMLS
Mls ID: #615787