193 CANOVA RoadFleming 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
Rental property for sale in Fleming Island at 193 CANOVA Road, Fleming Island, FL, 32003 offers $2,615/mo rent that, after a $1,909/mo payment, leaves $27/mo cash flow. Total monthly income is $2,615/mo, and annual cash flow is $321/yr on $129,285 cash. Return on cash invested measures 20.16% in year one, and rental yield stands at 8.05% at a $390,000 entry. Equity gained on principal adds $2,517/yr while 5% annual appreciation compounds into $107,750 by year five. Five-year ROI records 104.76% and total cumulative return in cash reaches $135,440. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,615/mo property income versus a $1,909/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.66 Acres 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: CHRISTOPHER MOORE • MOMENTUM REALTY
Mls Name: realMLS
Mls Provider:
Mls ID: #2080810
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. Data is deemed reliable but is not guaranteed accurate by realMLS.