211 2nd St UNIT 132Cedar KeyFL32625
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 211 2nd St UNIT 132, Cedar Key, FL, 32625 in Cedar Key is narrow, $199/mo net on $1,394/mo rent after the $648/mo debt service, but the property operates at break-even-plus, not a loss. At $144,000 with a 11.62% yield, the long-run equity case via 5% appreciation ($39,785 over five years) and $1,326/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.15 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $68,718.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.0% |
| Monthly Cash Flow | $199 | $200 |
City averages based on Cedar Key market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,394 |
| Total Monthly Debt Service | $1,138 |
| DSCR Ratio | 1.22x |
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.
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
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
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.