555 Crandon Blvd APT 21Key BiscayneFL33149
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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 Biscayne at 555 Crandon Blvd APT 21, Key Biscayne, FL, 33149 uses $230,300 cash to close to unlock $2,674/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $4,868/mo, and a $3,426/mo payment keeps the spread at $223/mo. Purchase price stands at $700,000, and rental yield measures 8.35% with $4,868/mo rent. Return on cash invested shows 21.22% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 110.43% and total cumulative return in cash records $254,320. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,868/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Condo
Built in 1966
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
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Listed by: Luis Chavez Diaz • Avanti Way Brickell
Mls Name: MIAMI
Mls ID: #A11924667