3376 MEADOW RIDGE PlaceCove 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 3376 MEADOW RIDGE Place, Cove Springs, FL, 32043 offers a 8.62% rental yield on a $340,900 purchase with $2,449/mo rent. Total monthly income registers $2,449/mo, and a $1,669/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,235/yr on $113,008 to close, and return on cash invested stands at 21.89% in year one. Equity gained on principal adds $2,200/yr while 5% annual appreciation supports $94,184 over five years. Portfolio math shows five-year ROI at 114.06% and total cumulative return in cash at $128,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,449/mo property income against a $1,669/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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: BRIAN WILSON • ADAMS HOMES REALTY INC
Mls Name: realMLS
Mls ID: #2119707