321 SCENIC POINT LaneFleming IslandFL32003
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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 Fleming Island at 321 SCENIC POINT Lane, Fleming Island, FL, 32003 priced at $475,000 converts $2,544/mo rent into after a $2,325/mo obligation. Total monthly income equals $2,544/mo. Return on cash invested prints 15.27% in year one, and rental yield reads 6.43% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 78.57% and total cumulative return in cash sums $123,715. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,544/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Townhouse
Built in 1990
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32003, Orange Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,912 (100%) |
| Owner Occupied HU | 8,940 (75.1%) |
| Renter Occupied HU | 2,408 (20.2%) |
| Vacant Housing Units | 564 ( 4.7%) |
| Median Home Value | $432,265 |
| Average Home Value | $470,615 |
Housing Distribution
Address Breakdown
Residential
11,387
Single Family
9,618
Multi-Family
1,769
Businesses
531
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Listed by: JEANNE MOELLENDICK • FLORIDA HOMES REALTY & MTG LLC
Mls Name: realMLS
Mls ID: #2124541