881 Ocean Dr TOWNHOUSE 6Key BiscayneFL33149
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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 Biscayne at 881 Ocean Dr TOWNHOUSE 6, Key Biscayne, FL, 33149 generates $4,253/mo in rent, after a $5,384/mo payment. Total monthly income is $4,253/mo. Return on cash invested sits at 5.98% in year one, and rental yield is 4.64% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 30.14% and total cumulative return in cash sums $107,407. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,253/mo property income rather than buyer’s personal income.
Townhouse
Built in 1971
N/A lot
$N/A/sqft
$2,980 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33149, Key Biscayne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,033 (100%) |
| Owner Occupied HU | 3,641 (51.8%) |
| Renter Occupied HU | 1,563 (22.2%) |
| Vacant Housing Units | 1,829 (26.0%) |
| Median Home Value | $1,499,584 |
| Average Home Value | $1,511,145 |
Housing Distribution
Address Breakdown
Residential
6,713
Single Family
1,486
Multi-Family
5,227
Businesses
549
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Listed by: Elizabeth Warner • Hardie Warner Real Estate, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11734419
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.