87200 Overseas Hwy APT B9Plantation KeyFL33036
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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
Investment property for sale in Plantation Key at 87200 Overseas Hwy APT B9, Plantation Key, FL, 33036 uses $187,201 cash to close to unlock $10,476/yr annual cash flow and $873/mo monthly cash flow. Total monthly income runs $4,649/mo, and a $2,785/mo payment keeps the spread at $873/mo. Purchase price stands at $569,000, and rental yield measures 9.8% with $4,649/mo rent. Return on cash invested shows 25.66% in year one, and 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 134.21% and total cumulative return in cash records $251,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,649/mo property income covering a $2,785/mo payment rather than investor’s personal income.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33036, Islamorada, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,495 (100%) |
| Owner Occupied HU | 1,353 (38.7%) |
| Renter Occupied HU | 467 (13.4%) |
| Vacant Housing Units | 1,675 (47.9%) |
| Median Home Value | $989,443 |
| Average Home Value | $1,148,971 |
Housing Distribution
Address Breakdown
Residential
2,561
Single Family
2,019
Multi-Family
542
Businesses
395
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Listed by: Pierre Marc Bellion • Ocean Sotheby's International Realty
Mls Name: FLKMLS
Mls ID: #615837