88500 Overseas Hwy #423Plantation 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 88500 Overseas Hwy #423, Plantation Key, FL, 33036 offers a 12.15% rental yield on a $630,681 purchase with $6,384/mo rent. Total monthly income registers $6,384/mo, and a $3,087/mo payment leaves $1,711/mo available for distribution. Annual cash flow reaches $20,527/yr on $207,494 to close, and return on cash invested stands at 29.95% in year one. Equity gained on principal adds $4,070/yr while 5% annual appreciation supports $174,246 over five years. Portfolio math shows five-year ROI at 158.29% and total cumulative return in cash at $328,436. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,384/mo property income against a $3,087/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
4.18 Acres lot
$N/A/sqft
$488 monthly 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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Nearby investment properties with comparable prices
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