1409 4th StKey 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
Rental property for sale in Key West at 1409 4th St, Key West, FL, 33040 offers $5,074/mo rent that, after a $5,991/mo payment. Total monthly income is $5,074/mo. Return on cash invested measures 11.14% in year one, and rental yield stands at 4.97% at a $1,224,000 entry. Equity gained on principal adds $7,898/yr while 5% annual appreciation compounds into $338,169 by year five. Five-year ROI records 56.35% and total cumulative return in cash reaches $223,486. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,074/mo property income versus a $5,991/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1976
10,018 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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