2689 NE 351st HwyCross CityFL32628
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 2689 NE 351st Hwy, Cross City, FL, 32628 in Cross City the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $159,900 price is below income-first thresholds, but 5%/yr value growth projects $44,177 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $1,200 |
City averages based on Cross City market data in our database. Property projections are estimates.
Manufactured
Built in 2016
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32628, Cross City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,658 (100%) |
| Owner Occupied HU | 958 (57.8%) |
| Renter Occupied HU | 395 (23.8%) |
| Vacant Housing Units | 305 (18.4%) |
| Median Home Value | $106,132 |
| Average Home Value | $139,982 |
Housing Distribution
Address Breakdown
Residential
1,032
Single Family
999
Multi-Family
33
Businesses
174
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Manufactured
Built in 2016
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32628, Cross City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,658 (100%) |
| Owner Occupied HU | 958 (57.8%) |
| Renter Occupied HU | 395 (23.8%) |
| Vacant Housing Units | 305 (18.4%) |
| Median Home Value | $106,132 |
| Average Home Value | $139,982 |
Housing Distribution
Address Breakdown
Residential
1,032
Single Family
999
Multi-Family
33
Businesses
174
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Andrea T White • Sawgrass Realty, LLC
Mls Name: TBR
Mls Provider:
Mls ID: #386402
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