87200 Overseas Hwy APT M2Plantation KeyFL33036
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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 Plantation Key at 87200 Overseas Hwy APT M2, Plantation Key, FL, 33036 listed at $680,000 pairs $5,065/mo rent with a $3,328/mo payment to leave $553/mo cash flow. Total monthly income runs $5,065/mo, and annual cash flow reaches $6,632/yr on $223,720 cash to close. Return on cash invested measures 23.02% in year one, and rental yield registers 8.94% at a $680,000 basis. Equity gained on principal adds $4,388/yr, and annual property appreciation at 5% supports $187,871 by year five. Five-year ROI tracks 120.11% and total cumulative return in cash totals $268,704. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,065/mo property income relative to a $3,328/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
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: Lidia T Yoham • Anchor Realty of FL, LLC
Mls Name: FLKMLS
Mls ID: #618000