1530 Ocean Bay Dr APT 501Key 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 1530 Ocean Bay Dr APT 501, Key Largo, FL, 33037 uses $294,455 cash to close to unlock $40,803/yr annual cash flow and $3,400/mo monthly cash flow. Total monthly income runs $10,564/mo, and a $4,381/mo payment keeps the spread at $3,400/mo. Purchase price stands at $895,000, and rental yield measures 14.16% with $10,564/mo rent. Return on cash invested shows 33.92% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 180.33% and total cumulative return in cash records $530,990. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $10,564/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Condo
Built in 1993
1.80 Acres lot
$N/A/sqft
$1,224 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: Heather N Born • Real Estate Sales Force, Inc.
Mls Name: FLKMLS
Mls Provider:
Mls ID: #611000
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.