2409 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 2409 FALLING STAR Lane, Cove Springs, FL, 32043 earns $282/mo cash flow from $2,588/mo rent with a $1,701/mo payment. Total monthly income totals $2,588/mo, and annual cash flow totals $3,381/yr on $115,196 capital. ROI tracks 22.84% on current figures, and rental yield reads 8.94% at a $347,500 purchase. Equity gained on principal adds $2,242/yr, and 5% annual appreciation supports $96,008 over five years. Five-year ROI reaches 119.17% and total cumulative return in cash sums $137,277. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,588/mo property income instead of your personal income.
Single Family
Built in 2023
6,098 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: COREE MCGINTY • DALTON WADE INC
Mls Name: realMLS
Mls ID: #2098993