Cedar Key Plan, Grand Island ResortGrand IslandFL32735
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at Cedar Key Plan, Grand Island Resort, Grand Island, FL, 32735 in Grand Island is narrow, $163/mo net on $1,091/mo rent after the $663/mo debt service, but the property operates at break-even-plus, not a loss. At $139,900 with a 9.36% yield, the long-run equity case via 5% appreciation ($38,652 over five years) and $1,173/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.65 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $61,207.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $163 | $300 |
City averages based on Grand Island market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,091 |
| Total Monthly Debt Service | $907 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32735, Grand Island, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 2,193 (82.3%) |
| Renter Occupied HU | 308 (11.6%) |
| Vacant Housing Units | 163 ( 6.1%) |
| Median Home Value | $360,988 |
| Average Home Value | $482,739 |
Housing Distribution
Address Breakdown
Residential
2,517
Single Family
2,244
Multi-Family
273
Businesses
51
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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
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Listed by: N/A • N/A
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Mls ID: #N/A
