501 E Ocean Dr APT 26Key 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 26, Key Colony Beach, FL, 33051 earns $898/mo cash flow from $5,809/mo rent with a $3,622/mo payment. Total monthly income totals $5,809/mo, and annual cash flow totals $10,778/yr on $243,460 capital. ROI tracks 24.49% on current figures, and rental yield reads 9.42% at a $740,000 purchase. Equity gained on principal adds $4,775/yr, and 5% annual appreciation supports $204,448 over five years. Five-year ROI reaches 127.96% and total cumulative return in cash sums $311,542. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,809/mo property income instead of your personal income.
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: Stephanie Lynn Wise • Keller Williams Key West Compass Realty
Mls Name: FLKMLS
Mls ID: #614862