87465 Old Hwy APT 215Plantation 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 87465 Old Hwy APT 215, Plantation Key, FL, 33036 listed at $460,000 pairs $4,511/mo rent with a $2,251/mo payment to leave $1,459/mo cash flow. Total monthly income runs $4,511/mo, and annual cash flow reaches $17,506/yr on $152,490 cash to close. Return on cash invested measures 31.39% in year one, and rental yield registers 11.77% at a $460,000 basis. Equity gained on principal adds $2,968/yr, and annual property appreciation at 5% supports $127,090 by year five. Five-year ROI tracks 164.97% and total cumulative return in cash totals $251,569. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,511/mo property income relative to a $2,251/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
2 sqft 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: Tony Garcia • The Keyes Company
Mls Name: FLKMLS
Mls ID: #617381