2349 FALLING STAR LaneCove SpringsFL32043
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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 Cove Springs at 2349 FALLING STAR Lane, Cove Springs, FL, 32043 earns $622/mo cash flow from $3,038/mo rent with a $1,782/mo payment. Total monthly income totals $3,038/mo, and annual cash flow totals $7,464/yr on $120,666 capital. ROI tracks 26.09% on current figures, and rental yield reads 10.02% at a $364,000 purchase. Equity gained on principal adds $2,349/yr, and 5% annual appreciation supports $100,566 over five years. Five-year ROI reaches 136.63% and total cumulative return in cash sums $164,861. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,038/mo property income instead of your personal income.
Single Family
Built in 2023
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32043, Green Cove Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,689 (100%) |
| Owner Occupied HU | 11,781 (75.1%) |
| Renter Occupied HU | 2,721 (17.3%) |
| Vacant Housing Units | 1,187 ( 7.6%) |
| Median Home Value | $369,453 |
| Average Home Value | $400,686 |
Housing Distribution
Address Breakdown
Residential
13,230
Single Family
12,990
Multi-Family
240
Businesses
661
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Listed by: AIMEE DAVIDOW • COLDWELL BANKER VANGUARD REALTY
Mls Name: realMLS
Mls ID: #2105655