2 Merganser 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
Rental property for sale in Key West at 2 Merganser Ln, Key West, FL, 33040 priced at $665,000 converts $6,034/mo rent into $1,111/mo cash flow after a $3,255/mo obligation. Total monthly income equals $6,034/mo, and annual cash flow totals $13,329/yr on $218,785 invested. Return on cash invested prints 26.15% in year one, and rental yield reads 10.89% against a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation compiles into $183,727 by year five. Five-year ROI reaches 137.89% and total cumulative return in cash sums $301,687. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,034/mo property income covering a $3,255/mo payment, not borrower’s personal income.
Townhouse
Built in 1995
2,613 sqft lot
$N/A/sqft
$510 monthly 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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Listed by: Nira Tocco • Coldwell Banker Schmitt RE Co. Lower Keys Office
Mls Name: FLKMLS
Mls Provider:
Mls ID: #614369
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.