24 Jade Dr APT 14Key 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 24 Jade Dr APT 14, Key West, FL, 33040 priced at $749,000 converts $5,942/mo rent into $461/mo cash flow after a $3,666/mo obligation. Total monthly income equals $5,942/mo, and annual cash flow totals $5,538/yr on $246,421 invested. Return on cash invested prints 22.31% in year one, and rental yield reads 9.52% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 117.17% and total cumulative return in cash sums $288,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,942/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Townhouse
Built in 1986
3,049 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: Cardenas & Krug Team • Ocean Sotheby's International Realty
Mls Name: FLKMLS
Mls Provider:
Mls ID: #615802
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.