1011 Howe StKey WestFL33040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 West at 1011 Howe St, Key West, FL, 33040 priced at $849,000 converts $3,202/mo rent into after a $4,155/mo obligation. Total monthly income equals $3,202/mo. Return on cash invested prints 9.61% in year one, and rental yield reads 4.53% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 48.19% and total cumulative return in cash sums $134,612. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,202/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Single Family
Built in 1994
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33040, Key West, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,243 (100%) |
| Owner Occupied HU | 7,981 (41.5%) |
| Renter Occupied HU | 7,648 (39.7%) |
| Vacant Housing Units | 3,614 (18.8%) |
| Median Home Value | $838,960 |
| Average Home Value | $964,799 |
Housing Distribution
Address Breakdown
Residential
16,035
Single Family
13,799
Multi-Family
2,236
Businesses
1,840
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keys Team Bryant and Kat • Expert Realty LLC (HQ)
Mls Name: FLKMLS
Mls Provider:
Mls ID: #614643
Disclaimer: MLS Internet Data Exchange (IDX) information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.