45 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
Rental property for sale in Key West at 45 1st St, Key West, FL, 33040 offers $6,144/mo rent that, after a $4,209/mo payment, leaves $437/mo cash flow. Total monthly income is $6,144/mo, and annual cash flow is $5,246/yr on $282,940 cash. Return on cash invested measures 21.91% in year one, and rental yield stands at 8.57% at a $860,000 entry. Equity gained on principal adds $5,549/yr while 5% annual appreciation compounds into $237,602 by year five. Five-year ROI records 114.16% and total cumulative return in cash reaches $323,009. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,144/mo property income versus a $4,209/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
6,534 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: Monique Thiel, PA • Sunshine State Realty Services
Mls Name: FLKMLS
Mls Provider:
Mls ID: #614823
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.