613 DRAKE BAY TerraceSaint AugustineFL32084
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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 Saint Augustine at 613 DRAKE BAY Terrace, Saint Augustine, FL, 32084 priced at $245,900 converts $2,243/mo rent into $119/mo cash flow after a $1,204/mo obligation. Total monthly income equals $2,243/mo, and annual cash flow totals $1,424/yr on $81,516 invested. Return on cash invested prints 21.66% in year one, and rental yield reads 10.95% against a $245,900 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation compiles into $67,938 by year five. Five-year ROI reaches 115.45% and total cumulative return in cash sums $94,111. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,243/mo property income covering a $1,204/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
1,742 sqft lot
$N/A/sqft
$440 monthly HOA
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Listed by: BRIANNE NODAL • NEXTHOME NEW BEGINNINGS
Mls Name: realMLS
Mls Provider:
Mls ID: #2084066
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.