1500 Ocean Bay Dr APT B8Key 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
Total monthly income runs $2,273/mo, and a $3,670/mo payment. Purchase price stands at $749,900, and rental yield measures 3.64% with $2,273/mo rent. Return on cash invested shows 3.57% in year one, and 5% annual appreciation builds toward $207,184 over five years. Five-year ROI reaches 16.99% and total cumulative return in cash records $41,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,273/mo property income covering a $3,670/mo payment rather than investor’s personal income.
Townhouse
Built in 1975
N/A lot
$N/A/sqft
$687 monthly 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: Jorge Ruiz • Xcellence Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11811146
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.