59733 Paradise PlGrassy KeyFL33050
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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 Grassy Key at 59733 Paradise Pl, Grassy Key, FL, 33050 uses $230,300 cash to close to unlock $10,630/yr annual cash flow and $886/mo monthly cash flow. Total monthly income runs $5,531/mo, and a $3,426/mo payment keeps the spread at $886/mo. Purchase price stands at $700,000, and rental yield measures 9.48% with $5,531/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 128.96% and total cumulative return in cash records $296,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,531/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Manufactured
Built in 1979
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33050, Marathon, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,703 (100%) |
| Owner Occupied HU | 3,114 (40.4%) |
| Renter Occupied HU | 1,731 (22.5%) |
| Vacant Housing Units | 2,858 (37.1%) |
| Median Home Value | $810,155 |
| Average Home Value | $1,034,655 |
Housing Distribution
Address Breakdown
Residential
6,022
Single Family
5,534
Multi-Family
488
Businesses
739
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Listed by: Julio C. Perez • Legacy Group Real Estate, LLC
Mls Name: FLKMLS
Mls ID: #617755