7041 Depot St UNIT C-202Cedar 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
Total monthly income runs $1,672/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 5.73% with $1,672/mo rent. Return on cash invested shows 13.18% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 67.37% and total cumulative return in cash records $78,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,672/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A 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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