201 E Ocean Dr #3-107Key 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 201 E Ocean Dr #3-107, Key Colony Beach, FL, 33051 generates $7,159/mo in rent and, after a $2,986/mo payment, leaves $2,082/mo in cash flow. Total monthly income is $7,159/mo, and annual cash flow is $24,979/yr on $200,690 invested. Return on cash invested sits at 32.51% in year one, and rental yield is 14.08% on a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 173.19% and total cumulative return in cash sums $347,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,159/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$3,087 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: Stephany Duvall • Engel & Volkers Marathon
Mls Name: FLKMLS
Mls Provider:
Mls ID: #608409
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.