2217 Harris AveKey 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 2217 Harris Ave, Key West, FL, 33040 uses $296,100 cash to close to unlock $10,938/yr annual cash flow and $912/mo monthly cash flow. Total monthly income runs $6,884/mo, and a $4,405/mo payment keeps the spread at $912/mo. Purchase price stands at $899,999, and rental yield measures 9.18% with $6,884/mo rent. Return on cash invested shows 23.75% in year one, and 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 124.02% and total cumulative return in cash records $367,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,884/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Single Family
Built in 1953
4,791 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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