768 Michael DrKey LargoFL33037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 768 Michael Dr, Key Largo, FL, 33037 priced at $355,000 converts $2,564/mo rent into $208/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,564/mo, and annual cash flow totals $2,493/yr on $117,683 invested. Return on cash invested prints 22.03% in year one, and rental yield reads 8.67% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 114.8% and total cumulative return in cash sums $135,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,564/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Manufactured
Built in 1975
5,227 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Lazcos Team Publio Lazcos and David Lazcos • Real Estate Sales Force, Inc.
Mls Name: FLKMLS
Mls Provider:
Mls ID: #615409
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.