607 Ocean Dr APT 3KKey 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
Total monthly income runs $4,758/mo, and a $7,807/mo payment. Purchase price stands at $1,595,000, and rental yield measures 3.58% with $4,758/mo rent. Return on cash invested shows 6.84% in year one, and 5% annual appreciation builds toward $440,669 over five years. Five-year ROI reaches 33.26% and total cumulative return in cash records $171,905. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,758/mo property income covering a $7,807/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No 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: Jorge Maduro • One Sotheby's International Re
Mls Name: MIAMI
Mls ID: #A11842920