145 2nd CtKey LargoFL33037
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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 Largo at 145 2nd Ct, Key Largo, FL, 33037 listed at $349,000 pairs $2,632/mo rent with a $1,708/mo payment to leave $295/mo cash flow. Total monthly income runs $2,632/mo, and annual cash flow reaches $3,544/yr on $115,694 cash to close. Return on cash invested measures 22.97% in year one, and rental yield registers 9.05% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 119.94% and total cumulative return in cash totals $138,768. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,632/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1980
3,484 sqft lot
$N/A/sqft
$250 yearly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33037, Key Largo, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,705 (100%) |
| Owner Occupied HU | 4,666 (43.6%) |
| Renter Occupied HU | 1,622 (15.2%) |
| Vacant Housing Units | 4,417 (41.3%) |
| Median Home Value | $777,375 |
| Average Home Value | $1,018,328 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
8,132
Multi-Family
447
Businesses
826
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Listed by: Lorie Rhyne Leal • American Caribbean Real Estate, Christie's International Real Estate
Mls Name: FLKMLS
Mls Provider:
Mls ID: #613601
Disclaimer: MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.