1500 CALMING WATER Drive #4102Fleming IslandFL32003
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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 Fleming Island at 1500 CALMING WATER Drive #4102, Fleming Island, FL, 32003 uses $69,615 cash to close to unlock $4,383/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,759/mo, and a $1,028/mo payment keeps the spread at $365/mo. Purchase price stands at $210,000, and rental yield measures 10.05% with $1,759/mo rent. Return on cash invested shows 26.21% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 137.23% and total cumulative return in cash records $95,536. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,759/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 2006
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32003, Orange Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,912 (100%) |
| Owner Occupied HU | 8,940 (75.1%) |
| Renter Occupied HU | 2,408 (20.2%) |
| Vacant Housing Units | 564 ( 4.7%) |
| Median Home Value | $432,265 |
| Average Home Value | $470,615 |
Housing Distribution
Address Breakdown
Residential
11,387
Single Family
9,618
Multi-Family
1,769
Businesses
531
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Listed by: MICHELIA FRANCES GRAYSON • DJ & LINDSEY REAL ESTATE
Mls Name: realMLS
Mls ID: #2110403