223 Sandcastles Ct #213Fernandina 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 223 Sandcastles Ct #213, Fernandina Beach, FL, 32034 listed at $599,999 pairs $1,836/mo rent with a $2,937/mo payment. Total monthly income runs $1,836/mo. Return on cash invested measures -2.72% in year one, and rental yield registers 3.67% at a $599,999 basis. Equity gained on principal adds $3,872/yr, and annual property appreciation at 5% supports $165,769 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,836/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
N/A lot
$N/A/sqft
$19,226 annually 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: Patti Burch • ENGEL & VOLKERS Amelia Island
Mls Name: AINCAR
Mls Provider:
Mls ID: #110472
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