201 E Ocean Dr #1-211Key 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
Investment property for sale in Key Colony Beach at 201 E Ocean Dr #1-211, Key Colony Beach, FL, 33051 uses $180,950 cash to close to unlock $11,857/yr annual cash flow and $988/mo monthly cash flow. Total monthly income runs $4,638/mo, and a $2,692/mo payment keeps the spread at $988/mo. Purchase price stands at $550,000, and rental yield measures 10.12% with $4,638/mo rent. Return on cash invested shows 26.61% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 139.36% and total cumulative return in cash records $252,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,638/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A 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: Nate Bartlett • Berkshire Hathaway HomeServices Keys Real Estate
Mls Name: FLKMLS
Mls ID: #618273