601 W Ocean Dr APT 411CKey Colony BeachFL33051
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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 Colony Beach at 601 W Ocean Dr APT 411C, Key Colony Beach, FL, 33051 offers a 7.17% rental yield on a $486,500 purchase with $2,907/mo rent. 52% in year one. Equity gained on principal adds $3,139/yr while 5% annual appreciation supports $134,411 over five years. Portfolio math shows five-year ROI at 90.61% and total cumulative return in cash at $146,129. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,907/mo property income against a $2,381/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33051, Key Colony Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,012 (100%) |
| Owner Occupied HU | 331 (32.7%) |
| Renter Occupied HU | 99 ( 9.8%) |
| Vacant Housing Units | 582 (57.5%) |
| Median Home Value | $1,077,273 |
| Average Home Value | $1,182,613 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Listed by: Lorie LaLonde-Miller • American Caribbean Real Estate, Christie's International Real Estate
Mls Name: FLKMLS
Mls ID: #617444