2374 Birch Pine Way GrnCove 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
Rental property for sale in Cove Springs at 2374 Birch Pine Way Grn, Cove Springs, FL, 32043 priced at $349,990 converts $2,407/mo rent into $4/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,407/mo, and annual cash flow totals $53/yr on $116,022 invested. Return on cash invested prints 19.95% in year one, and rental yield reads 8.25% against a $349,990 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,696 by year five. Five-year ROI reaches 103.99% and total cumulative return in cash sums $120,647. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,407/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Home Type Unknown
Built in 2023
0.33 Acres lot
$N/A/sqft
$80 monthly 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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