620 Thomas St APT 291Key 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 620 Thomas St APT 291, Key West, FL, 33040 earns from $4,711/mo rent with a $3,617/mo payment. Total monthly income totals $4,711/mo. ROI tracks 19.11% on current figures, and rental yield reads 7.65% at a $739,000 purchase. Equity gained on principal adds $4,769/yr, and 5% annual appreciation supports $204,172 over five years. Five-year ROI reaches 99.1% and total cumulative return in cash sums $240,932. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,711/mo property income instead of your personal income.
Condo
Built in 1991
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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