501 MENORCA PlaceSaint AugustineFL32092
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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
Investment property for sale in Saint Augustine at 501 MENORCA Place, Saint Augustine, FL, 32092 uses $135,915 cash to close to unlock $3,143/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $2,983/mo, and a $2,007/mo payment keeps the spread at $262/mo. Purchase price stands at $410,000, and rental yield measures 8.73% with $2,983/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 115.81% and total cumulative return in cash records $157,403. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,983/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Single Family
Built in 2007
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32092, Saint Augustine, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,237 (100%) |
| Owner Occupied HU | 19,388 (80.0%) |
| Renter Occupied HU | 2,898 (12.0%) |
| Vacant Housing Units | 1,951 ( 8.0%) |
| Median Home Value | $551,045 |
| Average Home Value | $590,393 |
Housing Distribution
Address Breakdown
Residential
21,437
Single Family
19,179
Multi-Family
2,258
Businesses
544
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Listed by: EVELYN VERGARA • KELLER WILLIAMS FIRST COAST REALTY
Mls Name: realMLS
Mls ID: #2091706