3312 Northside Dr APT 707Key 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 707, Key West, FL, 33040 uses $170,751 cash to close to unlock $7,561/yr annual cash flow and $630/mo monthly cash flow. Total monthly income runs $4,074/mo, and a $2,540/mo payment keeps the spread at $630/mo. Purchase price stands at $519,000, and rental yield measures 9.42% with $4,074/mo rent. Return on cash invested shows 24.49% in year one, and 5% annual appreciation builds toward $143,390 over five years. Five-year ROI reaches 127.98% and total cumulative return in cash records $218,529. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,074/mo property income covering a $2,540/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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