3312 Northside Dr APT 401Key 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 3312 Northside Dr APT 401, Key West, FL, 33040 uses $117,020 cash to close to unlock $50/yr annual cash flow and $4/mo monthly cash flow. Total monthly income runs $2,840/mo, and a $1,728/mo payment keeps the spread at $4/mo. Purchase price stands at $353,000, and rental yield measures 9.65% with $2,840/mo rent. Return on cash invested shows 19.95% in year one, and 5% annual appreciation builds toward $97,527 over five years. Five-year ROI reaches 105.52% and total cumulative return in cash records $123,476. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,840/mo property income covering a $1,728/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$493 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: Baris Leyla • Coastal Collection Real Estate Inc.
Mls Name: FLKMLS
Mls Provider:
Mls ID: #608809
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.