101644 Overseas Hwy · Key Largo, FL 33037

$70,000

3 bd · 2.0 ba · 1,992 sqft · Other public records · 14 Days on market

Built 2022

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.6/10.0
• Livability +3.6/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful manufactured home in Florida keys, completely renovated, technology update (everything work w/ Alexa commands) & acirc; & euro; & brvbar; fully high quality furniture, brand new TVs and all stainless steel appliances, both ACs were replaced this year, impact door and windows w/ new shades, including a golf cart & acirc; & euro; & brvbar; just bring your clothes and star living the Florida keys dream & acirc; & euro; & brvbar; .. we don & acirc; & euro; & trade; t own the land , mouthy payment is 1400 all inclusive. The park has boat ramp and marina so you can keep your boat at the water, we have 2 parking spaces please call me to 786

Key facts

• Completely renovated
• Technology update
• Boat ramp

Tags

• COMPLETELY RENOVATED
• TECHNOLOGY UPDATE
• STAINLESS STEEL APPLIANCES
• IMPACT DOOR AND WINDOWS
• BOAT RAMP
• MARINA

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $70k.

Deal economics

• At list price, monthly cash flow is $2k ($28k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $70k).
• Cap rate 46.8% vs local median 1.5% in Key Largo — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 72/100 on livability (#337 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+, employment B; Watch: amenities F, cost of living F.
• Monroe (town): math 50% / reading 55% proficiency, ranked #23 of 73 in FL (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.9%/yr); 430 active listings in the ZIP; solid renter incomes; 332 units permitted in Monroe County in 2024 (42 in 5+ unit buildings).
• At $3,603/mo this rent would consume 50% of the median local household income ($87k/yr) (locally 265% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Monroe County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.9% rent growth), your $20k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 12 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $70,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 5.15% ✓
• Cap rate: 46.80%
• Cash-on-cash: 144.66%
• DSCR: 7.44
• GRM: 1.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.92% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.09×
• Total profit: $138,912
• Equity at exit: $10,437

10-year hold

• IRR: —
• Equity multiple: 17.01×
• Total profit: $313,776
• Equity at exit: $6,052

Cash invested: $19,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33037

• Rents YoY: 2.9%
• Active inventory: 430
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $3,603 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$88 /mo · $1,050/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$757
• Net cashflow: $2,363

Break-even live

Break-even rent $612

Max offer price $70,000

Occupancy floor 29%

Sensitivity live

Price	-10% $2,411	-5% $2,387	+0% $2,363	+5% $2,339	+10% $2,314
Rent	-10% $2,078	-5% $2,221	+0% $2,363	+5% $2,505	+10% $2,647
Rate	-1.0pp $2,398	-0.5pp $2,381	base $2,363	+0.5pp $2,345	+1.0pp $2,326

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-19
   days on market $70,000 Active 14 DOM
2. 2026-06-18
   days on market $70,000 Active 13 DOM
3. 2026-06-17
   days on market $70,000 Active 12 DOM
4. 2026-06-16
   days on market $70,000 Active 11 DOM
5. 2026-06-15
   days on market $70,000 Active 10 DOM
6. 2026-06-14
   days on market $70,000 Active 8 DOM
7. 2026-06-13
   days on market $70,000 Active 7 DOM
8. 2026-06-10
   days on market $70,000 Active 5 DOM
9. 2026-06-09
   days on market $70,000 Active 4 DOM
10. 2026-06-08
    days on market $70,000 Active 3 DOM
11. 2026-06-07
    remarks 651-char remark
12. 2026-06-07
    listed $70,000 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $43,239
• − Mortgage interest: −$3,921
• − Property taxes: −$1,050
• − Insurance: −$350
• − Repairs & maintenance: −$3,459
• − Management: −$3,459
• − Depreciation: −$2,036
• Taxable income: $28,964
• Est. tax owed @ 24.0%: −$6,951
• After-tax cash flow: $21,403/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Monroe
• NCES district ID: 1201320
• Math proficiency: 50% ▼ -14.00%
• Reading proficiency: 55% ▼ -6.00%
• Median HH income: $56,955
• Composite: 45.51/100
• National rank: #2608
• State rank: #23 of 73 in FL

Livability — Key Largo

• Score: 72/100
• State rank: #337
• US rank: #5850

Category grades

Amenities F Commute B- Cost of living F Crime A+ Employment B Housing C+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Key Largo, FL
• County: Monroe County · 66,185 people
• City population: 14,770
• Metro: Key West, FL
• Population (ZIP): 14,770
• Household income: $86,533
• Rent vs Own: 20.8% rent · 79.2% own
• Severe rent burden: 265.0

Population outlook (Monroe County) Hauer SSP2

• Today (2025): 90,706 people
• By 2030: 96,308 · +6.2%
• By 2040: 106,565 · +17.5%
• By 2050: 116,500 · +28.4%
• By 2075: 141,423 · +55.9%
• By 2100: 151,947 · +67.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 26% Two or more races 16% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 17%
• Common ancestry: Lithuanian 5% Romanian 3% Slovak 2%
• Foreign-born: 21% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 20% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Monroe

• 2024 margin: R (+18.3) · D 40.5% · R 58.8%
• 2008→2024 swing: -23.2pp toward R · 2008: 4.9pp · 2024: -18.3pp
• All cycles: 2024: R+18.3 2020: R+7.9 2016: R+6.9 2012: D+0.4 2008: D+4.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -369.26%
• Current HPI: 193.7864
• Rent YoY: ▲ 2.92%
• Metro: Key West, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-80.0% since first listed

27 events — show timeline

• 2026-06-06 Listed $70,000 FSBO.com
• 2025-01-18 Listing Removed — FLKMLS
• 2024-12-16 Listing Removed — MARMLS
• 2024-12-14 Listing Removed — MARMLS
• 2024-12-04 Listed $100,000 MARMLS
• 2024-09-14 Listed $65,000 MARMLS
• 2024-09-14 Listed $65,000 FLKMLS
• 2024-08-14 Listing Removed — MARMLS
• 2024-05-16 Listed $75,000 MARMLS
• 2024-03-01 Listing Removed — FLKMLS
• 2024-02-19 Contingent — FLKMLS
• 2023-12-05 Listed $59,500 FLKMLS
• 2020-05-15 Listing Removed — FLKMLS
• 2020-05-15 Listing Removed — FLKMLS
• 2015-11-24 Listing Removed — FLKMLS
• 2015-11-24 Listing Removed — FLKMLS
• 2014-10-03 Sold (Public Records) $1,868,000 Public Records
• 2007-07-01 Listed $70,000 FLKMLS
• 2006-05-15 Listing Removed — FLKMLS
• 2006-03-24 Listed $225,000 FLKMLS
• 2005-11-30 Listed $850,000 FLKMLS
• 2005-11-10 Listed $349,000 FLKMLS
• 2005-06-24 Listed $258,000 FLKMLS
• 2003-11-13 Sold (MLS) $55,000 FLKMLS
• 2002-06-25 Listed $69,900 FLKMLS
• 1997-12-05 Sold (Public Records) $645,000 Public Records
• 1982-01-01 Sold (Public Records) $350,000 Public Records

Property tax history

+10.0%/yr

Latest (2025): $30,730 · +16.6% YoY. Source: county tax records.