59753 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 59753 Paradise Pl, Grassy Key, FL, 33050 offers a 7.94% rental yield on a $799,000 purchase with $5,284/mo rent. 98% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 103.76% and total cumulative return in cash at $272,754. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,284/mo property income against a $3,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1977
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: Natalie M. Ardis • Coldwell Banker Schmitt Real Estate Co.
Mls Name: FLKMLS
Mls Provider:
Mls ID: #614286
Disclaimer: MLS Internet Data Exchange (IDX) information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.