351 SUMMIT DriveOrange ParkFL32073
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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 Orange Park at 351 SUMMIT Drive, Orange Park, FL, 32073 priced at $400,000 converts $3,286/mo rent into $631/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,286/mo, and annual cash flow totals $7,576/yr on $132,600 invested. Return on cash invested prints 25.62% in year one, and rental yield reads 9.86% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 134.08% and total cumulative return in cash sums $177,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,286/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2006
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32073, Orange Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,249 (100%) |
| Owner Occupied HU | 11,139 (61.0%) |
| Renter Occupied HU | 5,942 (32.6%) |
| Vacant Housing Units | 1,168 ( 6.4%) |
| Median Home Value | $320,015 |
| Average Home Value | $363,093 |
Housing Distribution
Address Breakdown
Residential
17,355
Single Family
14,169
Multi-Family
3,186
Businesses
1,650
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Listed by: WILFILS SOIRELUS • FLORIDA HOMES REALTY & MTG LLC
Mls Name: realMLS
Mls ID: #2103143