615 Fairway Dr APT 202Saint AugustineFL32084
INVESTMENT ANALYSIS
Investment Verdict
Solid Income615 Fairway Dr APT 202, Saint Augustine, FL, 32084 in Saint Augustine carries a 1.56 coverage ratio, rent of $1,683/mo is 1.56 times the $1,079/mo payment. Rental yield 8.42%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $239,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $66,280; total projected cumulative return: $97,317.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.0% |
| Monthly Cash Flow | $(329) | $200 |
City averages based on Saint Augustine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,683 |
| Total Monthly Debt Service | $1,497 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Jennings • One Sotheby's - Downtown
Mls Name: St Augustine St Johns County BOR
Mls ID: #260494