1053 RIDGEWOOD LaneSaint AugustineFL32086
Nearby investment properties with comparable rents
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
Investment Highlights
Investment property for sale in Saint Augustine at 1053 RIDGEWOOD Lane, Saint Augustine, FL, 32086 uses $113,042 cash to close to unlock $2,809/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $2,497/mo, and a $1,669/mo payment keeps the spread at $234/mo. Purchase price stands at $341,000, and rental yield measures 8.79% with $2,497/mo rent. Return on cash invested shows 22.39% in year one, and 5% annual appreciation builds toward $94,212 over five years. Five-year ROI reaches 116.78% and total cumulative return in cash records $132,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,497/mo property income covering a $1,669/mo payment rather than investor’s personal income.
Single Family
Built in 2006
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32086, Saint Augustine, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,295 (100%) |
| Owner Occupied HU | 11,913 (73.1%) |
| Renter Occupied HU | 2,942 (18.1%) |
| Vacant Housing Units | 1,440 ( 8.8%) |
| Median Home Value | $463,641 |
| Average Home Value | $526,140 |
Housing Distribution
Address Breakdown
Residential
15,765
Single Family
14,243
Multi-Family
1,522
Businesses
1,131
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: REGINA SOOEY • RE/MAX SPECIALISTS
Mls Name: realMLS
Mls ID: #2116566