11 Old Mill Dr UNIT 2-BCedar KeyFL32625
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Nearby investment properties with comparable prices
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 Cedar Key at 11 Old Mill Dr UNIT 2-B, Cedar Key, FL, 32625 priced at $259,000 pairs $1,735/mo rent with $16/mo cash flow after a $1,268/mo payment. Total monthly income equals $1,735/mo, and annual cash flow comes to $191/yr on $85,859 invested. Return on cash invested is 20.13% in year one, and rental yield stands at 8.04% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 104.63% and total cumulative return in cash reaches $89,836. For financing, Ziffy Mortgage’s DSCR program evaluates $1,735/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1999
N/A lot
$N/A/sqft
No 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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