11 Old Mill Dr UNIT 1-CCedar KeyFL32625
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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 Cedar Key at 11 Old Mill Dr UNIT 1-C, Cedar Key, FL, 32625 offers a 11.14% rental yield on a $375,000 purchase with $3,480/mo rent. Total monthly income registers $3,480/mo, and a $1,835/mo payment leaves $120/mo available for distribution. Annual cash flow reaches $1,438/yr on $124,313 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 112.67% and total cumulative return in cash at $140,067. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,480/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
$872 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32625, Cedar Key, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 659 (53.9%) |
| Renter Occupied HU | 107 ( 8.8%) |
| Vacant Housing Units | 456 (37.3%) |
| Median Home Value | $324,820 |
| Average Home Value | $398,634 |
Housing Distribution
Address Breakdown
Residential
569
Single Family
569
Multi-Family
0
Businesses
127
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Listed by: Melinda Allen • Pelican Realty
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #795181
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.