132 E 1st Ave UNIT C201Horseshoe BeachFL32648
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 132 E 1st Ave UNIT C201, Horseshoe Beach, FL, 32648 in Horseshoe Beach is capital appreciation. Rental yield 0%. The 0% gross yield at $249,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $68,794 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.00) without U.S. credit history; structure with a larger down payment to optimise coverage.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Horseshoe Beach market data in our database. Property projections are estimates.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32648, Horseshoe Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 616 (100%) |
| Owner Occupied HU | 185 (30.0%) |
| Renter Occupied HU | 31 ( 5.0%) |
| Vacant Housing Units | 400 (64.9%) |
| Median Home Value | $162,500 |
| Average Home Value | $196,905 |
Housing Distribution
Address Breakdown
Residential
117
Single Family
117
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32648, Horseshoe Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 616 (100%) |
| Owner Occupied HU | 185 (30.0%) |
| Renter Occupied HU | 31 ( 5.0%) |
| Vacant Housing Units | 400 (64.9%) |
| Median Home Value | $162,500 |
| Average Home Value | $196,905 |
Housing Distribution
Address Breakdown
Residential
117
Single Family
117
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls ID: #799527