607 S West StGreen Cove SpringsFL32043
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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 Green Cove Springs at 607 S West St, Green Cove Springs, FL, 32043 priced at $173,000 converts $1,375/mo rent into $227/mo cash flow after a $847/mo obligation. Total monthly income equals $1,375/mo, and annual cash flow totals $2,720/yr on $57,350 invested. Return on cash invested prints 24.65% in year one, and rental yield reads 9.54% against a $173,000 entry. Equity gained on principal adds $1,116/yr, while 5% annual appreciation compiles into $47,797 by year five. Five-year ROI reaches 128.88% and total cumulative return in cash sums $73,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,375/mo property income covering a $847/mo payment, not borrower’s personal income.
Single Family
Built in 1990
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32043, Green Cove Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,689 (100%) |
| Owner Occupied HU | 11,781 (75.1%) |
| Renter Occupied HU | 2,721 (17.3%) |
| Vacant Housing Units | 1,187 ( 7.6%) |
| Median Home Value | $369,453 |
| Average Home Value | $400,686 |
Housing Distribution
Address Breakdown
Residential
13,230
Single Family
12,990
Multi-Family
240
Businesses
661
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