23671 BAHAMA Point UNIT 1216Fernandina 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
Rental property for sale in Fernandina Beach at 23671 BAHAMA Point UNIT 1216, Fernandina Beach, FL, 32034 generates $1,836/mo in rent and, after a $1,224/mo payment, leaves $60/mo in cash flow. Total monthly income is $1,836/mo, and annual cash flow is $715/yr on $82,875 invested. Return on cash invested sits at 20.77% in year one, and rental yield is 8.81% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 108.7% and total cumulative return in cash sums $90,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,836/mo property income rather than buyer’s personal income.
Condo
Built in 2000
26.54 Acres lot
$N/A/sqft
$117 monthly 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: LILIAM BOSTICK • CENTURY 21 MILLER ELITE LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2053454
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.