850 Palm St #E2Marco 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
Investment property for sale in Marco Island at 850 Palm St #E2, Marco Island, FL, 34145 listed at $574,000 pairs $3,650/mo rent with a $2,809/mo payment. Total monthly income runs $3,650/mo. Return on cash invested measures 19.05% in year one, and rental yield registers 7.63% at a $574,000 basis. Equity gained on principal adds $3,704/yr, and annual property appreciation at 5% supports $158,586 by year five. Five-year ROI tracks 98.82% and total cumulative return in cash totals $186,609. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,650/mo property income relative to a $2,809/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
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: Richard Schulte • Horizons by the Sea, INC
Mls Name: Marco Multi List
Mls ID: #2251858