513 1st St UNIT 3Cedar 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
Investment property for sale in Cedar Key at 513 1st St UNIT 3, Cedar Key, FL, 32625 uses $97,793 cash to close to unlock $255/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,444/mo payment keeps the spread at $21/mo. Purchase price stands at $295,000, and rental yield measures 8.05% with $1,979/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 104.86% and total cumulative return in cash records $102,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
1,306 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: Caryn Stephenson • Pelican Realty
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #794792
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