1530 Ocean Bay Dr APT 508Key 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 508, Key Largo, FL, 33037 offers a 9.11% rental yield on a $729,900 purchase with $5,540/mo rent. Total monthly income registers $5,540/mo, and a $3,573/mo payment leaves $697/mo available for distribution. Annual cash flow reaches $8,361/yr on $240,137 to close, and return on cash invested stands at 23.54% in year one. Equity gained on principal adds $4,710/yr while 5% annual appreciation supports $201,658 over five years. Portfolio math shows five-year ROI at 122.88% and total cumulative return in cash at $295,075. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,540/mo property income against a $3,573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
1,322 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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