281 & 291 10th 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
Rental property for sale in Key Colony Beach at 281 & 291 10th St, Key Colony Beach, FL, 33051 generates $6,883/mo in rent, after a $9,055/mo payment. Total monthly income is $6,883/mo. Return on cash invested sits at 9.57% in year one, and rental yield is 4.46% on a $1,850,000 entry. Equity gained on principal adds $11,938/yr, while 5% annual appreciation builds toward $511,121 over five years. Five-year ROI reaches 47.9% and total cumulative return in cash sums $287,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,883/mo property income rather than buyer’s personal income.
Multi Family
Built in 1969
8,250 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: Aimee Lynn Kornetti • Coldwell Banker Schmitt Real Estate Co.
Mls Name: FLKMLS
Mls ID: #617214