16510 Hodges AveCedar 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
Rental property for sale in Cedar Key at 16510 Hodges Ave, Cedar Key, FL, 32625 generates $2,284/mo in rent, after a $2,354/mo payment. Total monthly income is $2,284/mo. Return on cash invested sits at 10.6% in year one, and rental yield is 5.7% on a $480,900 entry. Equity gained on principal adds $3,103/yr, while 5% annual appreciation builds toward $132,864 over five years. Five-year ROI reaches 54.42% and total cumulative return in cash sums $86,759. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,284/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.83 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
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