829 W Elkcam CIR #2-208Marco IslandFL34145
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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 Marco Island at 829 W Elkcam CIR #2-208, Marco Island, FL, 34145 generates $2,637/mo in rent and, after a $1,884/mo payment, leaves $82/mo in cash flow. Total monthly income is $2,637/mo, and annual cash flow is $990/yr on $127,628 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 8.22% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 107.6% and total cumulative return in cash sums $137,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,637/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34145, Marco Island, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,445 (100%) |
| Owner Occupied HU | 7,511 (40.7%) |
| Renter Occupied HU | 721 ( 3.9%) |
| Vacant Housing Units | 10,213 (55.4%) |
| Median Home Value | $1,061,611 |
| Average Home Value | $1,235,391 |
Housing Distribution
Address Breakdown
Residential
16,426
Single Family
8,455
Multi-Family
7,971
Businesses
637
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Listed by: Carol Stuart • Premiere Plus Realty Company
Mls Name: SWFLMLS
Mls ID: #225073440