1670 State Rd 24 UNIT Cedar KeyChieflandFL32626
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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 Chiefland at 1670 State Rd 24 UNIT Cedar Key, Chiefland, FL, 32626 generates $1,920/mo in rent, after a $1,953/mo payment. Total monthly income is $1,920/mo. Return on cash invested sits at 13.3% in year one, and rental yield is 5.77% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 68.04% and total cumulative return in cash sums $90,002. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32626, Chiefland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,610 (100%) |
| Owner Occupied HU | 3,078 (66.8%) |
| Renter Occupied HU | 888 (19.3%) |
| Vacant Housing Units | 644 (14.0%) |
| Median Home Value | $187,500 |
| Average Home Value | $284,986 |
Housing Distribution
Address Breakdown
Residential
3,794
Single Family
3,629
Multi-Family
165
Businesses
331
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