By exploiting the reciprocity and randomness properties of wireless channels, physical-layer-based key generation provides a stable secrecy channel even when the main channel suffers from a bad condition. Even though the channel variation due to the mobility of nodes in wireless channels provides an improvement of key generation rate (KGR), it decreases the key consistency probability (KCP) between the node pairs. Inspired by the received signal strength(RSS)-angle of arrival(AoA)-based geolocation research, in this work, we analyze the performance of the key extraction using the RSS and AoA. We aim to identify a way to utilize the high KGR of the AoA-based method to overcome the major drawback of having a low KGR in the most common RSS-based scheme. Specifically, we derive the KCP and KGR of the RSS-AoA-based key generation scheme. Further, we propose a new performance metric called effective key generation rate (EKGR), to evaluate the designed key generation scheme in practical scenarios. Finally, we provide numerical results to verify the accuracy of the presented theoretical analysis.