980 Cape Marco Dr UNIT 1402Marco 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 980 Cape Marco Dr UNIT 1402, Marco Island, FL, 34145 generates $9,600/mo in rent and, after a $6,652/mo payment, leaves $581/mo in cash flow. Total monthly income is $9,600/mo, and annual cash flow is $6,973/yr on $440,316 invested. Return on cash invested sits at 21.95% in year one, and rental yield is 8.48% on a $1,359,000 entry. Equity gained on principal adds $8,769/yr, while 5% annual appreciation builds toward $375,467 over five years. Five-year ROI reaches 114.32% and total cumulative return in cash sums $503,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,600/mo property income rather than buyer’s personal income.
Condo
Built in 1996
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: Richele Durbin • BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY
Mls Name: Marco Multi List
Mls Provider:
Mls ID: #2242103
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Marco Island Area Association of Realtors. All rights reserved.