261 2nd 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
Investment property for sale in Key Colony Beach at 261 2nd St, Key Colony Beach, FL, 33051 offers a 8.15% rental yield on a $735,000 purchase with $4,994/mo rent. Total monthly income registers $4,994/mo, and a $3,597/mo payment leaves $117/mo available for distribution. Annual cash flow reaches $1,402/yr on $241,815 to close, and return on cash invested stands at 20.64% in year one. Equity gained on principal adds $4,743/yr while 5% annual appreciation supports $203,067 over five years. Portfolio math shows five-year ROI at 107.32% and total cumulative return in cash at $259,512. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,994/mo property income against a $3,597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2024
3,049 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: Steve M Smith, P.A. • Ocean Sotheby's International Realty
Mls Name: FLKMLS
Mls Provider:
Mls ID: #610083
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.