11 Old Mill Dr UNIT 4-BCedar 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 4-B, Cedar Key, FL, 32625 with 5% annual appreciation on a $259,900 basis while $1,834/mo rent supports operations. Total monthly income totals $1,834/mo and a $1,272/mo payment preserves $109/mo for cash returns. Annual cash flow comes to $1,312/yr on $86,157 deployed, and return on cash invested reaches 21.43% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,806 alongside rental yield of 8.47%. Five-year ROI measures 111.63% and total cumulative return in cash totals $96,178.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,834/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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