170 Ocean Lane Dr APT 312Key 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 170 Ocean Lane Dr APT 312, Key Biscayne, FL, 33149 listed at $1,175,000 pairs $4,299/mo rent with a $5,751/mo payment. Total monthly income runs $4,299/mo. Return on cash invested measures 3.85% in year one, and rental yield registers 4.39% at a $1,175,000 basis. Equity gained on principal adds $7,582/yr, and annual property appreciation at 5% supports $324,631 by year five. Five-year ROI tracks 19.22% and total cumulative return in cash totals $73,186. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,299/mo property income relative to a $5,751/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
N/A lot
$N/A/sqft
$1,742 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: Lourdes Lorenzo-Luaces • Ocean Club Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11722937
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.