550 Ocean Dr APT 2DKey BiscayneFL33149
INVESTMENT ANALYSIS
Investment Verdict
Solid Income550 Ocean Dr APT 2D, Key Biscayne, FL, 33149 in Key Biscayne is a solid income-producing rental, 8.69% gross yield, $5,940/mo rent, $498/mo net cash flow on a $820,000 buy. DSCR 1.61 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $226,551 and $7,552/yr in principal reduction project a total cumulative return of $344,603.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 5.3% |
| Monthly Cash Flow | $498 | $1,500 |
City averages based on Key Biscayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,940 |
| Total Monthly Debt Service | $5,115 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33149, Key Biscayne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,033 (100%) |
| Owner Occupied HU | 3,641 (51.8%) |
| Renter Occupied HU | 1,563 (22.2%) |
| Vacant Housing Units | 1,829 (26.0%) |
| Median Home Value | $1,499,584 |
| Average Home Value | $1,511,145 |
Housing Distribution
Address Breakdown
Residential
6,713
Single Family
1,486
Multi-Family
5,227
Businesses
549
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33149, Key Biscayne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,033 (100%) |
| Owner Occupied HU | 3,641 (51.8%) |
| Renter Occupied HU | 1,563 (22.2%) |
| Vacant Housing Units | 1,829 (26.0%) |
| Median Home Value | $1,499,584 |
| Average Home Value | $1,511,145 |
Housing Distribution
Address Breakdown
Residential
6,713
Single Family
1,486
Multi-Family
5,227
Businesses
549
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Pacheco • Oneness Real Estate, LLC
Mls Name: MIAMI
Mls ID: #A11899725