1101 W Ocean Dr UNIT 1Key Colony BeachFL33051
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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
Investment property for sale in Key Colony Beach at 1101 W Ocean Dr UNIT 1, Key Colony Beach, FL, 33051 offers a 9.55% rental yield on a $524,500 purchase with $4,174/mo rent. Total monthly income registers $4,174/mo, and a $2,567/mo payment leaves $694/mo available for distribution. Annual cash flow reaches $8,322/yr on $172,561 to close, and return on cash invested stands at 24.88% in year one. Equity gained on principal adds $3,385/yr while 5% annual appreciation supports $144,910 over five years. Portfolio math shows five-year ROI at 130.08% and total cumulative return in cash at $224,468. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,174/mo property income against a $2,567/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33051, Key Colony Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,012 (100%) |
| Owner Occupied HU | 331 (32.7%) |
| Renter Occupied HU | 99 ( 9.8%) |
| Vacant Housing Units | 582 (57.5%) |
| Median Home Value | $1,077,273 |
| Average Home Value | $1,182,613 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Listed by: Frank Griffiths • Ocean Sotheby's International
Mls Name: FLKMLS
Mls ID: #615977