3312 Northside Dr APT 512Key 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 512, Key West, FL, 33040 uses $130,578 cash to close to unlock $4,944/yr annual cash flow and $412/mo monthly cash flow. Total monthly income runs $3,026/mo, and a $1,928/mo payment keeps the spread at $412/mo. Purchase price stands at $393,900, and rental yield measures 9.22% with $3,026/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $108,827 over five years. Five-year ROI reaches 123.72% and total cumulative return in cash records $161,553. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,026/mo property income covering a $1,928/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A 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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