232 2nd RdKey LargoFL33037
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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 Largo at 232 2nd Rd, Key Largo, FL, 33037 offers $6,872/mo rent that, after a $3,450/mo payment, leaves $2,194/mo cash flow. Total monthly income is $6,872/mo, and annual cash flow is $26,330/yr on $231,932 cash. Return on cash invested measures 31.41% in year one, and rental yield stands at 11.7% at a $704,960 entry. Equity gained on principal adds $4,549/yr while 5% annual appreciation compounds into $194,767 by year five. Five-year ROI records 165.1% and total cumulative return in cash reaches $382,921. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,872/mo property income versus a $3,450/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33037, Key Largo, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,705 (100%) |
| Owner Occupied HU | 4,666 (43.6%) |
| Renter Occupied HU | 1,622 (15.2%) |
| Vacant Housing Units | 4,417 (41.3%) |
| Median Home Value | $777,375 |
| Average Home Value | $1,018,328 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
8,132
Multi-Family
447
Businesses
826
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