123 Hirth Rd APT 1103Fernandina BeachFL32034
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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 Fernandina Beach at 123 Hirth Rd APT 1103, Fernandina Beach, FL, 32034 offers a 9.57% rental yield on a $251,500 purchase with $2,005/mo rent. Total monthly income registers $2,005/mo, and a $1,231/mo payment leaves $53/mo available for distribution. Annual cash flow reaches $639/yr on $83,372 to close, and return on cash invested stands at 20.68% in year one. Equity gained on principal adds $1,623/yr while 5% annual appreciation supports $69,485 over five years. Portfolio math shows five-year ROI at 109.06% and total cumulative return in cash at $90,925. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,005/mo property income against a $1,231/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$249 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32034, Fernandina Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,682 (100%) |
| Owner Occupied HU | 15,551 (65.7%) |
| Renter Occupied HU | 3,710 (15.7%) |
| Vacant Housing Units | 4,421 (18.7%) |
| Median Home Value | $586,648 |
| Average Home Value | $675,813 |
Housing Distribution
Address Breakdown
Residential
21,050
Single Family
18,551
Multi-Family
2,499
Businesses
1,193
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Nearby investment properties with comparable prices
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