171 3rd StKey Colony BeachFL33051
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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
Rental property for sale in Key Colony Beach at 171 3rd St, Key Colony Beach, FL, 33051 offers $4,139/mo rent that, after a $7,092/mo payment. Total monthly income is $4,139/mo. Return on cash invested measures 6.37% in year one, and rental yield stands at 3.43% at a $1,449,000 entry. Equity gained on principal adds $9,350/yr while 5% annual appreciation compounds into $400,332 by year five. Five-year ROI records 30.75% and total cumulative return in cash reaches $144,379. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,139/mo property income versus a $7,092/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1989
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33051, Key Colony Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,012 (100%) |
| Owner Occupied HU | 331 (32.7%) |
| Renter Occupied HU | 99 ( 9.8%) |
| Vacant Housing Units | 582 (57.5%) |
| Median Home Value | $1,077,273 |
| Average Home Value | $1,182,613 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Listed by: Stacey Nash Pillari • Berkshire Hathaway Knight & Gardner
Mls Name: FLKMLS
Mls Provider:
Mls ID: #614439
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.