615 FAIRWAY Drive UNIT 307Saint AugustineFL32084
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 615 FAIRWAY Drive UNIT 307, Saint Augustine, FL, 32084 in Saint Augustine. At $169,000 it earns $1,675/mo in rent and distributes $302/mo to the owner after the $760/mo payment, a consistent 11.89% yield. DSCR 2.20 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $46,692 in value; $1,557/yr in principal paydown compounds ownership stake. Total projected return: $84,919.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.0% |
| Monthly Cash Flow | $302 | $200 |
City averages based on Saint Augustine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,675 |
| Total Monthly Debt Service | $1,306 |
| DSCR Ratio | 1.28x |
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
$247 monthly HOA
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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
$247 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices