610 Division StFernandina 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
Rental property for sale in Fernandina Beach at 610 Division St, Fernandina Beach, FL, 32034 priced at $529,000 pairs $2,870/mo rent with after a $2,589/mo payment. Total monthly income equals $2,870/mo. Return on cash invested is 15.65% in year one, and rental yield stands at 6.51% on a $529,000 basis. Equity gained on principal adds $3,414/yr, and 5% annual appreciation accumulates to $146,153 by year five. Five-year ROI measures 80.53% and total cumulative return in cash reaches $140,153. For financing, Ziffy Mortgage’s DSCR program evaluates $2,870/mo property income against a $2,589/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
5,000 sqft lot
$N/A/sqft
No 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: Nicole Phillips • SALT HARBOR REAL ESTATE COMPANY
Mls Name: AINCAR
Mls ID: #114813