590 Ocean Dr APT 8CKey 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 590 Ocean Dr APT 8C, Key Biscayne, FL, 33149 with 5% annual appreciation on a $950,000 basis while $6,574/mo rent supports operations. 06% in year one. Equity gained on principal adds $6,130/yr, and five-year appreciation sums $262,467 alongside rental yield of 8.3%. Five-year ROI measures 84.59% and total cumulative return in cash totals $264,398. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,574/mo property income versus a $4,650/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1968
N/A lot
$N/A/sqft
$1,228 monthly 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: M. Ivette Thomas • Fortune Christie's International Real Estate
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11672617
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.