3312 Northside Dr APT 607Key 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 607, Key West, FL, 33040 listed at $399,000 pairs $2,856/mo rent with a $1,953/mo payment to leave $208/mo cash flow. Total monthly income runs $2,856/mo, and annual cash flow reaches $2,497/yr on $132,269 cash to close. Return on cash invested measures 21.8% in year one, and rental yield registers 8.59% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 113.57% and total cumulative return in cash totals $150,218. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,856/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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