641 Spanish Way EFernandina BeachFL32034
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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 Fernandina Beach at 641 Spanish Way E, Fernandina Beach, FL, 32034 offers $3,503/mo rent that, after a $3,764/mo payment. Total monthly income is $3,503/mo. Return on cash invested measures 11.7% in year one, and rental yield stands at 5.47% at a $769,000 entry. Equity gained on principal adds $4,962/yr while 5% annual appreciation compounds into $212,461 by year five. Five-year ROI records 59.69% and total cumulative return in cash reaches $151,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,503/mo property income versus a $3,764/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
7,562 sqft lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32034, Fernandina Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,682 (100%) |
| Owner Occupied HU | 15,551 (65.7%) |
| Renter Occupied HU | 3,710 (15.7%) |
| Vacant Housing Units | 4,421 (18.7%) |
| Median Home Value | $586,648 |
| Average Home Value | $675,813 |
Housing Distribution
Address Breakdown
Residential
21,050
Single Family
18,551
Multi-Family
2,499
Businesses
1,193
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Listed by: Garrett Sharpe • FLORIDA HOMES REALTY & MORTGAGE
Mls Name: AINCAR
Mls Provider:
Mls ID: #112672
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. Information is deemed reliable but not guaranteed.