593 Bonito AveKey LargoFL33037
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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
Rental property for sale in Key Largo at 593 Bonito Ave, Key Largo, FL, 33037 priced at $980,000 converts $6,088/mo rent into after a $4,797/mo obligation. Total monthly income equals $6,088/mo. Return on cash invested prints 18.51% in year one, and rental yield reads 7.45% against a $980,000 entry. Equity gained on principal adds $6,324/yr, while 5% annual appreciation compiles into $270,756 by year five. Five-year ROI reaches 95.92% and total cumulative return in cash sums $309,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,088/mo property income covering a $4,797/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33037, Key Largo, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,705 (100%) |
| Owner Occupied HU | 4,666 (43.6%) |
| Renter Occupied HU | 1,622 (15.2%) |
| Vacant Housing Units | 4,417 (41.3%) |
| Median Home Value | $777,375 |
| Average Home Value | $1,018,328 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
8,132
Multi-Family
447
Businesses
826
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