616 Drake Bay TerSaint AugustineFL32084
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 616 Drake Bay Ter, Saint Augustine, FL, 32084 in Saint Augustine worth modelling. At $172,500 with a 11.65% gross yield, the $1,746/mo rent leaves $48/mo after the $776/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.25 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $47,659 by year five; $1,589/yr in principal reduction adds further equity. Total projected return: $104,441.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.0% |
| Monthly Cash Flow | $48 | $200 |
City averages based on Saint Augustine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,746 |
| Total Monthly Debt Service | $1,076 |
| DSCR Ratio | 1.62x |
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.
Townhouse
Built in 2008
1,742 sqft 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
Townhouse
Built in 2008
1,742 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane McWilliams • St Augustine Coastal Real Estate
Mls Name: St Augustine St Johns County BOR
Mls ID: #254134