701 Spanish Main Dr #641Cudjoe 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 #641, Cudjoe Key, FL, 33042 uses $109,064 cash to close to unlock $9,864/yr annual cash flow and $822/mo monthly cash flow. Total monthly income runs $3,005/mo, and a $1,610/mo payment keeps the spread at $822/mo. Purchase price stands at $329,000, and rental yield measures 10.96% with $3,005/mo rent. Return on cash invested shows 28.95% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 151.91% and total cumulative return in cash records $165,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,005/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Manufactured
Built in 1986
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
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Listed by: Jan M. Fritz • Coldwell Banker Schmitt RE Co.
Mls Name: FLKMLS
Mls ID: #616003