38 Pirates DrKey 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 38 Pirates Dr, Key Largo, FL, 33037 generates $4,009/mo in rent and, after a $2,638/mo payment, leaves $432/mo in cash flow. Total monthly income is $4,009/mo, and annual cash flow is $5,187/yr on $177,331 invested. Return on cash invested sits at 22.99% in year one, and rental yield is 8.93% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 119.91% and total cumulative return in cash sums $212,640. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,009/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
2,613 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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