511 1st StCedar KeyFL32625
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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
Rental property for sale in Cedar Key at 511 1st St, Cedar Key, FL, 32625 generates $2,033/mo in rent and, after a $930/mo payment, leaves $764/mo in cash flow. Total monthly income is $2,033/mo, and annual cash flow is $9,168/yr on $62,985 invested. Return on cash invested sits at 34.47% in year one, and rental yield is 12.84% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 181.62% and total cumulative return in cash sums $114,396. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,033/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
1,307 sqft lot
$N/A/sqft
No 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
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Listed by: Stacy Gervais • EPIQUE REALTY, INC.
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8394886
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511