211 2nd St UNIT 123Cedar KeyFL32625
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
Investment Highlights
Investment property for sale in Cedar Key at 211 2nd St UNIT 123, Cedar Key, FL, 32625 uses $43,095 cash to close to unlock $3,379/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,394/mo, and a $636/mo payment keeps the spread at $282/mo. Purchase price stands at $130,000, and rental yield measures 12.87% with $1,394/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 148.06% and total cumulative return in cash records $63,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,394/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$250 monthly 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
Listed by: Genevieve Bajsa • CMTG Real Estate Group
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #794848
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.