409 OLDFIELD DriveFleming IslandFL32003
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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 Fleming Island at 409 OLDFIELD Drive, Fleming Island, FL, 32003 offers $2,332/mo rent that, after a $1,591/mo payment, leaves $175/mo cash flow. Total monthly income is $2,332/mo, and annual cash flow is $2,100/yr on $107,738 cash. Return on cash invested measures 21.86% in year one, and rental yield stands at 8.61% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 113.88% and total cumulative return in cash reaches $122,689. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,332/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32003, Orange Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,912 (100%) |
| Owner Occupied HU | 8,940 (75.1%) |
| Renter Occupied HU | 2,408 (20.2%) |
| Vacant Housing Units | 564 ( 4.7%) |
| Median Home Value | $432,265 |
| Average Home Value | $470,615 |
Housing Distribution
Address Breakdown
Residential
11,387
Single Family
9,618
Multi-Family
1,769
Businesses
531
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Listed by: Shelby S Holmes • WATSON REALTY CORP
Mls Name: realMLS
Mls ID: #2117126