853 Indies RdRamrod 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 Ramrod Key at 853 Indies Rd, Ramrod Key, FL, 33042 generates $7,038/mo in rent and, after a $4,283/mo payment, leaves $1,231/mo in cash flow. Total monthly income is $7,038/mo, and annual cash flow is $14,772/yr on $287,875 invested. Return on cash invested sits at 25.19% in year one, and rental yield is 9.65% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 131.74% and total cumulative return in cash sums $379,235. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,038/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
6,098 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: Sarah Eckert • Coldwell Banker Schmitt Real Estate Co. (KW)
Mls Name: FLKMLS
Mls ID: #617296