1601 Nectarine St APT I6Fernandina 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
Rental property for sale in Fernandina Beach at 1601 Nectarine St APT I6, Fernandina Beach, FL, 32034 offers $3,322/mo rent that, after a $1,823/mo payment, leaves $850/mo cash flow. Total monthly income is $3,322/mo, and annual cash flow is $10,203/yr on $123,484 cash. Return on cash invested measures 28.17% in year one, and rental yield stands at 10.7% at a $372,500 entry. Equity gained on principal adds $2,404/yr while 5% annual appreciation compounds into $102,915 by year five. Five-year ROI records 147.76% and total cumulative return in cash reaches $182,458. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,322/mo property income versus a $1,823/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1999
N/A 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: Roger Martin • ERA FERNANDINA BEACH REALTY
Mls Name: AINCAR
Mls ID: #114641