211 2nd St UNIT 132Cedar 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 132, Cedar Key, FL, 32625 offers a 11.62% rental yield on a $144,000 purchase with $1,394/mo rent. Total monthly income registers $1,394/mo, and a $705/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,378/yr on $47,736 to close, and return on cash invested stands at 24.89% in year one. Equity gained on principal adds $929/yr while 5% annual appreciation supports $39,785 over five years. Portfolio math shows five-year ROI at 132.44% and total cumulative return in cash at $63,222. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,394/mo property income against a $705/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
$240 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: Lindsay Tyson • Cedar Key Realty, Inc.
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #791224
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.