1103 CORNELL LaneAtlantic BeachFL32233
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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 Atlantic Beach at 1103 CORNELL Lane, Atlantic Beach, FL, 32233 with 5% annual appreciation on a $460,000 basis while $3,080/mo rent supports operations. Total monthly income totals $3,080/mo and a $2,251/mo payment preserves $18/mo for cash returns. Annual cash flow comes to $219/yr on $152,490 deployed, and return on cash invested reaches 20.05% in year one. Equity gained on principal adds $2,968/yr, and five-year appreciation sums $127,090 alongside rental yield of 8.03%. Five-year ROI measures 104.24% and total cumulative return in cash totals $158,953.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,080/mo property income versus a $2,251/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
7,405 sqft lot
$N/A/sqft
$115 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32233, Atlantic Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,880 (100%) |
| Owner Occupied HU | 6,374 (53.7%) |
| Renter Occupied HU | 4,680 (39.4%) |
| Vacant Housing Units | 826 ( 7.0%) |
| Median Home Value | $455,507 |
| Average Home Value | $606,977 |
Housing Distribution
Address Breakdown
Residential
11,802
Single Family
9,212
Multi-Family
2,590
Businesses
736
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Listed by: JOSEPH GABRIEL • UNITED REAL ESTATE GALLERY
Mls Name: realMLS
Mls Provider:
Mls ID: #2067954
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. Data is deemed reliable but is not guaranteed accurate by realMLS.