1121 Crandon Blvd APT D404Key BiscayneFL33149
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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 Biscayne at 1121 Crandon Blvd APT D404, Key Biscayne, FL, 33149 offers a 9.12% rental yield on a $995,000 purchase with $7,561/mo rent. Total monthly income registers $7,561/mo, and a $4,870/mo payment leaves $958/mo available for distribution. Annual cash flow reaches $11,496/yr on $327,355 to close, and return on cash invested stands at 23.57% in year one. Equity gained on principal adds $6,421/yr while 5% annual appreciation supports $274,900 over five years. Portfolio math shows five-year ROI at 123.05% and total cumulative return in cash at $402,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,561/mo property income against a $4,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
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
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Listed by: Jorge Ribas • Blue Capital Realty, LLC
Mls Name: MIAMI
Mls ID: #A11919163