38 SOMERVILLE DrivePonte VedraFL32081
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 38 SOMERVILLE Drive, Ponte Vedra, FL, 32081 in Ponte Vedra at $669,000. Rental yield 7.71%. The 7.71% yield and 1.43 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $184,832 by year five, and $6,162/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $226,138.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.0% |
| Monthly Cash Flow | $(471) | $300 |
City averages based on Ponte Vedra market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,300 |
| Total Monthly Debt Service | $4,505 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
$840 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
$840 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ASHLEY TURNER • THE NEWCOMER GROUP
Mls Name: realMLS
Mls Provider:
Mls ID: #2120264
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.