501 E Ocean Dr APT 17Key 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 501 E Ocean Dr APT 17, Key Colony Beach, FL, 33051 listed at $699,000 pairs $6,252/mo rent with a $3,421/mo payment to leave $1,614/mo cash flow. Total monthly income runs $6,252/mo, and annual cash flow reaches $19,363/yr on $229,971 cash to close. Return on cash invested measures 28.48% in year one, and rental yield registers 10.73% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 149.36% and total cumulative return in cash totals $343,490. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,252/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
N/A 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: Ally Kelley • Ocean Sotheby's International
Mls Name: FLKMLS
Mls ID: #616306