1302 Cedar Ave SNicevilleFL32578
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1302 Cedar Ave S, Niceville, FL, 32578 in Niceville earns a 8.84% gross yield at $395,300. Rent of $2,912/mo nets $289/mo after the $1,778/mo mortgage. The 1.64 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $109,214 and $3,641/yr in equity accumulation project a total cumulative return of $169,238.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.5% |
| Monthly Cash Flow | $289 | $1,800 |
City averages based on Niceville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,912 |
| Total Monthly Debt Service | $2,466 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
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
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices