155 Ocean Lane Dr #706Key BiscayneFL33149
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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 Biscayne at 155 Ocean Lane Dr #706, Key Biscayne, FL, 33149 listed at $691,993 pairs $4,133/mo rent with a $3,387/mo payment. Total monthly income runs $4,133/mo. Return on cash invested measures 11.14% in year one, and rental yield registers 7.17% at a $691,993 basis. Equity gained on principal adds $4,465/yr, and annual property appreciation at 5% supports $191,185 by year five. Five-year ROI tracks 58.71% and total cumulative return in cash totals $133,654. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,133/mo property income relative to a $3,387/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
$1,234 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33149, Key Biscayne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,033 (100%) |
| Owner Occupied HU | 3,641 (51.8%) |
| Renter Occupied HU | 1,563 (22.2%) |
| Vacant Housing Units | 1,829 (26.0%) |
| Median Home Value | $1,499,584 |
| Average Home Value | $1,511,145 |
Housing Distribution
Address Breakdown
Residential
6,713
Single Family
1,486
Multi-Family
5,227
Businesses
549
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Listed by: Maria Bueno • Charles Rutenberg Realty FTL
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10516839
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. 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.