62 Bahama 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 62 Bahama Ave, Key Largo, FL, 33037 generates $11,742/mo in rent and, after a $3,911/mo payment, leaves $6,189/mo in cash flow. Total monthly income is $11,742/mo, and annual cash flow is $74,273/yr on $262,871 invested. Return on cash invested sits at 48.31% in year one, and rental yield is 17.64% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 256.14% and total cumulative return in cash sums $673,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $11,742/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
6,534 sqft lot
$N/A/sqft
$250 monthly 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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Listed by: Charity E. Rebl, P.A. • Century 21 Circle
Mls Name: FLKMLS
Mls Provider:
Mls ID: #610526
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.