387 3RD StreetAtlantic BeachFL32233
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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
Total monthly income runs $4,426/mo, and a $5,384/mo payment. Purchase price stands at $1,100,000, and rental yield measures 4.83% with $4,426/mo rent. Return on cash invested shows 10.69% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 53.93% and total cumulative return in cash records $192,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,426/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Townhouse
Built in 1993
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32233, Atlantic Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,880 (100%) |
| Owner Occupied HU | 6,374 (53.7%) |
| Renter Occupied HU | 4,680 (39.4%) |
| Vacant Housing Units | 826 ( 7.0%) |
| Median Home Value | $455,507 |
| Average Home Value | $606,977 |
Housing Distribution
Address Breakdown
Residential
11,802
Single Family
9,212
Multi-Family
2,590
Businesses
736
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Listed by: ASHLEY WILFORD • CASTILLO REAL ESTATE JAX
Mls Name: realMLS
Mls Provider:
Mls ID: #2069372
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.