3160 COLD LEAF WayCove 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 3160 COLD LEAF Way, Cove Springs, FL, 32043 priced at $280,000 converts $2,669/mo rent into $383/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,669/mo, and annual cash flow totals $4,598/yr on $92,820 invested. Return on cash invested prints 24.86% in year one, and rental yield reads 11.44% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 132.03% and total cumulative return in cash sums $122,553. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,669/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 2022
6,098 sqft lot
$N/A/sqft
$50 annually 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: KERI CARPENTER • REAL BROKER LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2110201
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.