1104 Elgin LnKey WestFL33040
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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 Key West at 1104 Elgin Ln, Key West, FL, 33040 at $1,438,700 posts ROI 11.12% with from $5,954/mo rent. Total monthly income equals $5,954/mo. Return on cash invested measures 11.12% and rental yield reads 4.97% at the current $1,438,700. Equity gained on principal adds $9,284/yr, and 5% annual appreciation supports $397,486 by year five. Five-year ROI prints 56.21% and total cumulative return in cash totals $261,998. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,954/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
1,955 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
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