1117 Cedar AveNicevilleFL32578
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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
Rental property for sale in Niceville at 1117 Cedar Ave, Niceville, FL, 32578 generates $1,246/mo in rent and, after a $782/mo payment, leaves $186/mo in cash flow. Total monthly income is $1,246/mo, and annual cash flow is $2,229/yr on $52,966 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 9.36% on a $159,777 entry. Equity gained on principal adds $1,031/yr, while 5% annual appreciation builds toward $44,143 over five years. Five-year ROI reaches 126.02% and total cumulative return in cash sums $66,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,246/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32578, Niceville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,993 (100%) |
| Owner Occupied HU | 11,177 (74.5%) |
| Renter Occupied HU | 3,110 (20.7%) |
| Vacant Housing Units | 706 ( 4.7%) |
| Median Home Value | $464,615 |
| Average Home Value | $536,480 |
Housing Distribution
Address Breakdown
Residential
14,829
Single Family
14,667
Multi-Family
162
Businesses
759
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