1500 Ocean Bay Dr APT G8Key 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 1500 Ocean Bay Dr APT G8, Key Largo, FL, 33037 listed at $849,900 pairs $3,558/mo rent with a $4,160/mo payment. Total monthly income runs $3,558/mo. Return on cash invested measures 11.12% in year one, and rental yield registers 5.02% at a $849,900 basis. Equity gained on principal adds $5,484/yr, and annual property appreciation at 5% supports $234,812 by year five. Five-year ROI tracks 56.29% and total cumulative return in cash totals $157,394. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,558/mo property income relative to a $4,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1975
930 sqft lot
$N/A/sqft
No 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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