411 & 415 1st StKey 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 411 & 415 1st St, Key West, FL, 33040 offers a 8.75% rental yield on a $1,400,000 purchase with $10,214/mo rent. Total monthly income registers $10,214/mo, and a $6,852/mo payment leaves $924/mo available for distribution. Annual cash flow reaches $11,084/yr on $453,600 to close, and return on cash invested stands at 22.81% in year one. Equity gained on principal adds $9,034/yr while 5% annual appreciation supports $386,794 over five years. Portfolio math shows five-year ROI at 118.91% and total cumulative return in cash at $539,395. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $10,214/mo property income against a $6,852/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2004
10,000 sqft 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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Listed by: Heather D Bennett • Keller Williams Key West Compass Realty
Mls Name: FLKMLS
Mls Provider:
Mls ID: #609794
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.