5010 SUMMER BEACH Boulevard UNIT 309Fernandina BeachFL32034
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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 Fernandina Beach at 5010 SUMMER BEACH Boulevard UNIT 309, Fernandina Beach, FL, 32034 offers a 6.3% rental yield on a $700,000 purchase with $3,677/mo rent. 94% in year one. Equity gained on principal adds $4,517/yr while 5% annual appreciation supports $193,397 over five years. Portfolio math shows five-year ROI at 51.78% and total cumulative return in cash at $119,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,677/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$974 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32034, Fernandina Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,682 (100%) |
| Owner Occupied HU | 15,551 (65.7%) |
| Renter Occupied HU | 3,710 (15.7%) |
| Vacant Housing Units | 4,421 (18.7%) |
| Median Home Value | $586,648 |
| Average Home Value | $675,813 |
Housing Distribution
Address Breakdown
Residential
21,050
Single Family
18,551
Multi-Family
2,499
Businesses
1,193
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Listed by: KAREN WERLING • BERKSHIRE HATHAWAY HOME SERVICES HEYMANN WILLIAMS
Mls Name: realMLS
Mls Provider:
Mls ID: #2069338
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.