1656 Rigging WayFernandina 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 1656 Rigging Way, Fernandina Beach, FL, 32034 earns from $3,642/mo rent with a $5,971/mo payment. Total monthly income totals $3,642/mo. ROI tracks 6.85% on current figures, and rental yield reads 3.58% at a $1,220,000 purchase. Equity gained on principal adds $7,872/yr, and 5% annual appreciation supports $337,064 over five years. Five-year ROI reaches 33.31% and total cumulative return in cash sums $131,679. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,642/mo property income instead of your personal income.
Single Family
Built in 1995
9,448 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: Crystal Jozsa • AMELIA ISLAND REAL ESTATE SERVICES
Mls Name: AINCAR
Mls ID: #113560