201 E Ocean Dr #106Key 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
Total monthly income runs $3,425/mo, and a $3,030/mo payment. Purchase price stands at $619,000, and rental yield measures 6.64% with $3,425/mo rent. Return on cash invested shows 9.57% in year one, and 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 50.3% and total cumulative return in cash records $102,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,425/mo property income covering a $3,030/mo payment rather than investor’s personal income.
Condo
Built in 1975
3.99 Acres lot
$N/A/sqft
$3,293 quarterly 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: Lynn O Goodwin, P.A. • Coldwell Banker Schmitt Real Estate Co.
Mls Name: FLKMLS
Mls Provider:
Mls ID: #613321
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.