1414 Ian DrFernandina 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 1414 Ian Dr, Fernandina Beach, FL, 32034 uses $71,273 cash to close to unlock $9,390/yr annual cash flow and $783/mo monthly cash flow. Total monthly income runs $2,209/mo, and a $1,052/mo payment keeps the spread at $783/mo. Purchase price stands at $215,000, and rental yield measures 12.33% with $2,209/mo rent. Return on cash invested shows 33.08% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 174.09% and total cumulative return in cash records $124,081. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,209/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Manufactured
Built in 1975
5,227 sqft lot
$N/A/sqft
No 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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Listed by: Larry Coleman • DIAMOND REALTY GROUP OF AMELIA
Mls Name: AINCAR
Mls Provider:
Mls ID: #106215
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. Information is deemed reliable but not guaranteed.