3312 Northside Dr APT 506Key WestFL33040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 506, Key West, FL, 33040 offers a 15.55% rental yield on a $399,000 purchase with $5,170/mo rent. Total monthly income registers $5,170/mo, and a $1,953/mo payment leaves $1,639/mo available for distribution. Annual cash flow reaches $19,669/yr on $132,269 to close, and return on cash invested stands at 34.78% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 186.1% and total cumulative return in cash at $246,158. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,170/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
$883 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bascom L Grooms • Bascom Grooms Real Estate (KW)
Mls Name: FLKMLS
Mls Provider:
Mls ID: #609371
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.