38 Tarragona CtSaint AugustineFL32086
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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 Saint Augustine at 38 Tarragona Ct, Saint Augustine, FL, 32086 offers $1,403/mo rent that, after a $881/mo payment, leaves $209/mo cash flow. Total monthly income is $1,403/mo, and annual cash flow is $2,504/yr on $59,637 cash. Return on cash invested measures 24.11% in year one, and rental yield stands at 9.36% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 125.98% and total cumulative return in cash reaches $75,129. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,403/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32086, Saint Augustine, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,295 (100%) |
| Owner Occupied HU | 11,913 (73.1%) |
| Renter Occupied HU | 2,942 (18.1%) |
| Vacant Housing Units | 1,440 ( 8.8%) |
| Median Home Value | $463,641 |
| Average Home Value | $526,140 |
Housing Distribution
Address Breakdown
Residential
15,765
Single Family
14,243
Multi-Family
1,522
Businesses
1,131
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Listed by: Cynthia Bruce • Florida Homes Realty & Mortgage
Mls Name: St Augustine St Johns County BOR
Mls ID: #254140