947 Gulf DrSummerland KeyFL33042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Summerland Key at 947 Gulf Dr, Summerland Key, FL, 33042 offers $4,603/mo rent that, after a $7,831/mo payment. Total monthly income is $4,603/mo. Return on cash invested measures 6.45% in year one, and rental yield stands at 3.45% at a $1,600,000 entry. Equity gained on principal adds $10,325/yr while 5% annual appreciation compounds into $442,051 by year five. Five-year ROI records 31.16% and total cumulative return in cash reaches $161,511. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,603/mo property income versus a $7,831/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Colbert A Taylor • Taylor & Assoc. RE, Inc.
Mls Name: FLKMLS
Mls ID: #617322