16349 Andrews CirCedar KeyFL32625
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 16349 Andrews Cir, Cedar Key, FL, 32625 in Cedar Key at $495,000 earns $3,480/mo in rent and nets $195/mo after the $2,226/mo payment, a 8.44% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $136,759 over five years. Ziffy Mortgage underwrites this on a 1.56 DSCR without U.S. credit history. With $4,559/yr in principal paydown, total projected return reaches $201,197.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.0% |
| Monthly Cash Flow | $195 | $200 |
City averages based on Cedar Key market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,480 |
| Total Monthly Debt Service | $3,088 |
| DSCR Ratio | 1.13x |
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 1965
0.26 Acres 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
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 1965
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices