215 OCEAN GRANDE Drive #PH3Ponte Vedra BeachFL32082
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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 Ponte Vedra Beach at 215 OCEAN GRANDE Drive #PH3, Ponte Vedra Beach, FL, 32082 offers a 11.1% rental yield on a $525,000 purchase with $4,855/mo rent. Total monthly income registers $4,855/mo, and a $2,570/mo payment leaves $1,371/mo available for distribution. Annual cash flow reaches $16,447/yr on $172,725 to close, and return on cash invested stands at 29.58% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 155.28% and total cumulative return in cash at $268,209. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,855/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32082, Ponte Vedra Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,721 (100%) |
| Owner Occupied HU | 11,389 (72.4%) |
| Renter Occupied HU | 2,720 (17.3%) |
| Vacant Housing Units | 1,612 (10.3%) |
| Median Home Value | $792,695 |
| Average Home Value | $967,818 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
11,812
Multi-Family
2,943
Businesses
836
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Listed by: JULIA JONES • RE/MAX UNLIMITED
Mls Name: realMLS
Mls ID: #2117909