2638 HANBERRY 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 2638 HANBERRY Lane, Cove Springs, FL, 32043 uses $112,379 cash to close to unlock $6,559/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $2,796/mo, and a $1,659/mo payment keeps the spread at $547/mo. Purchase price stands at $339,000, and rental yield measures 9.9% with $2,796/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 134.73% and total cumulative return in cash records $151,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,796/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 2022
4,791 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: ERICA WASHKILL • CONVENE REALTY
Mls Name: realMLS
Mls ID: #2088451