Key West, Florida, known for its vibrant culture and beautiful landscapes, presents enticing investment opportunities despite high median home prices. With an average daily rent of $483 and a median home price of $1.5 million, investors often face a shortfall in summer rental income coverage against mortgage payments. Nevertheless, the city's consistent year-round appeal attracts small investors keen on long-term gains. Key West's limited supply and continuous tourism bolster steady growth, making it an attractive, albeit premium, market for serious buyers looking beyond quick flips.
Key West offers unique investment opportunities driven by its year-round appeal, vibrant culture, and high rental rates, making it favorable for long-term investors.
Despite high home prices, investors are drawn to Key West's consistent rental income potential, leveraging seasonal demands for strong overall returns.
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