502 Main St UNIT 207Horseshoe BeachFL32648
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 502 Main St UNIT 207, Horseshoe Beach, FL, 32648 in Horseshoe Beach the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $295,000 price is below income-first thresholds, but 5%/yr value growth projects $81,503 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 | $300 |
City averages based on Horseshoe Beach market data in our database. Property projections are estimates.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32648, Horseshoe Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 616 (100%) |
| Owner Occupied HU | 185 (30.0%) |
| Renter Occupied HU | 31 ( 5.0%) |
| Vacant Housing Units | 400 (64.9%) |
| Median Home Value | $162,500 |
| Average Home Value | $196,905 |
Housing Distribution
Address Breakdown
Residential
117
Single Family
117
Multi-Family
0
Businesses
7
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
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32648, Horseshoe Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 616 (100%) |
| Owner Occupied HU | 185 (30.0%) |
| Renter Occupied HU | 31 ( 5.0%) |
| Vacant Housing Units | 400 (64.9%) |
| Median Home Value | $162,500 |
| Average Home Value | $196,905 |
Housing Distribution
Address Breakdown
Residential
117
Single Family
117
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Mae Alden • Berkshire Hathaway HomeServices Florida Realty
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls ID: #797590