3200 S FLETCHER Avenue UNIT C-2Fernandina 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
Investment property for sale in Fernandina Beach at 3200 S FLETCHER Avenue UNIT C-2, Fernandina Beach, FL, 32034 at $615,000 posts ROI 23.39% with $562/mo cash flow from $5,479/mo rent. Total monthly income equals $5,479/mo, and annual cash flow records $6,742/yr on $202,335 to close. Return on cash invested measures 23.39% and rental yield reads 10.69% at the current $615,000. Equity gained on principal adds $3,969/yr, and 5% annual appreciation supports $169,913 by year five. Five-year ROI prints 123.87% and total cumulative return in cash totals $250,637.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,479/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1983
1.12 Acres lot
$N/A/sqft
$836 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: TERRI TENNILLE • COLDWELL BANKER THE AMELIA GROUP
Mls Name: realMLS
Mls Provider:
Mls ID: #2039226
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.