101 Ocean Lane Dr APT 208Key BiscayneFL33149
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 Key Biscayne at 101 Ocean Lane Dr APT 208, Key Biscayne, FL, 33149 generates $7,800/mo in rent and, after a $4,013/mo payment, leaves $2,229/mo in cash flow. Total monthly income is $7,800/mo, and annual cash flow is $26,748/yr on $269,780 invested. Return on cash invested sits at 29.98% in year one, and rental yield is 11.41% on a $820,000 entry. Equity gained on principal adds $5,291/yr, while 5% annual appreciation builds toward $226,551 over five years. Five-year ROI reaches 157.58% and total cumulative return in cash sums $425,123. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,800/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33149, Key Biscayne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,033 (100%) |
| Owner Occupied HU | 3,641 (51.8%) |
| Renter Occupied HU | 1,563 (22.2%) |
| Vacant Housing Units | 1,829 (26.0%) |
| Median Home Value | $1,499,584 |
| Average Home Value | $1,511,145 |
Housing Distribution
Address Breakdown
Residential
6,713
Single Family
1,486
Multi-Family
5,227
Businesses
549
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Natalia Soria • Fortune Christie's International Real Estate
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11698662
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.