87851 Old Hwy APT M-32IslamoradaFL33036
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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
Total monthly income runs $4,215/mo, and a $5,824/mo payment. Purchase price stands at $1,190,000, and rental yield measures 4.25% with $4,215/mo rent. Return on cash invested shows 8.91% in year one, and 5% annual appreciation builds toward $328,775 over five years. Five-year ROI reaches 44.37% and total cumulative return in cash records $171,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,215/mo property income covering a $5,824/mo payment rather than investor’s personal income.
Condo
Built in 1989
14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33036, Islamorada, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,495 (100%) |
| Owner Occupied HU | 1,353 (38.7%) |
| Renter Occupied HU | 467 (13.4%) |
| Vacant Housing Units | 1,675 (47.9%) |
| Median Home Value | $989,443 |
| Average Home Value | $1,148,971 |
Housing Distribution
Address Breakdown
Residential
2,561
Single Family
2,019
Multi-Family
542
Businesses
395
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Listed by: Krissy Carnahan • Realty ONE Group Destination (ISL)
Mls Name: FLKMLS
Mls ID: #616998