603 SUMMER Place #603Ponte Vedra BeachFL32082
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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 Ponte Vedra Beach at 603 SUMMER Place #603, Ponte Vedra Beach, FL, 32082 offers $5,435/mo rent that, after a $4,870/mo payment. Total monthly income is $5,435/mo. Return on cash invested measures 15.78% in year one, and rental yield stands at 6.55% at a $995,000 entry. Equity gained on principal adds $6,421/yr while 5% annual appreciation compounds into $274,900 by year five. Five-year ROI records 81.26% and total cumulative return in cash reaches $266,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,435/mo property income versus a $4,870/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32082, Ponte Vedra Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,721 (100%) |
| Owner Occupied HU | 11,389 (72.4%) |
| Renter Occupied HU | 2,720 (17.3%) |
| Vacant Housing Units | 1,612 (10.3%) |
| Median Home Value | $792,695 |
| Average Home Value | $967,818 |
Housing Distribution
Address Breakdown
Residential
14,755
Single Family
11,812
Multi-Family
2,943
Businesses
836
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Listed by: SUSAN FORT • PONTE VEDRA CLUB REALTY, INC.
Mls Name: realMLS
Mls ID: #2033472