622 CHERRY StreetNeptune BeachFL32266
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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 Neptune Beach at 622 CHERRY Street, Neptune Beach, FL, 32266 priced at $975,000 converts $8,166/mo rent into $1,679/mo cash flow after a $4,772/mo obligation. Total monthly income equals $8,166/mo, and annual cash flow totals $20,150/yr on $320,775 invested. Return on cash invested prints 26.34% in year one, and rental yield reads 10.05% against a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation compiles into $269,375 by year five. Five-year ROI reaches 137.93% and total cumulative return in cash sums $442,443. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,166/mo property income covering a $4,772/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.28 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32266, Neptune Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,461 (100%) |
| Owner Occupied HU | 2,199 (63.5%) |
| Renter Occupied HU | 1,004 (29.0%) |
| Vacant Housing Units | 258 ( 7.5%) |
| Median Home Value | $594,897 |
| Average Home Value | $678,059 |
Housing Distribution
Address Breakdown
Residential
3,302
Single Family
2,994
Multi-Family
308
Businesses
254
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Listed by: DENISE DEMICO • FAIR REALTY INC
Mls Name: realMLS
Mls Provider:
Mls ID: #2035302
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.