1255 Ponce Island Dr #F780Saint AugustineFL32084
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 1255 Ponce Island Dr #F780, Saint Augustine, FL, 32084 in Saint Augustine achieves 2.03, rent of $1,632/mo covers the $805/mo payment 1.5x over at $179,000. Rental yield 10.94%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $49,454 over five years, with $1,649/yr in principal reduction bringing total projected return to $62,271.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.0% |
| Monthly Cash Flow | $(132) | $200 |
City averages based on Saint Augustine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,632 |
| Total Monthly Debt Service | $1,693 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
N/A lot
$N/A/sqft
$576 monthly HOA
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
Condo
Built in 1987
N/A lot
$N/A/sqft
$576 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: K. Jennifer Cook • Compass Florida
Mls Name: St Augustine St Johns County BOR
Mls Provider:
Mls ID: #250847
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