700 S Covered Bridge Rd UNIT 2Saint JohnsFL32259
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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 Saint Johns at 700 S Covered Bridge Rd UNIT 2, Saint Johns, FL, 32259 priced at $259,000 pairs $2,215/mo rent with $177/mo cash flow after a $1,268/mo payment. Total monthly income equals $2,215/mo, and annual cash flow comes to $2,130/yr on $85,859 invested. Return on cash invested is 22.39% in year one, and rental yield stands at 10.26% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 118.38% and total cumulative return in cash reaches $101,644. For financing, Ziffy Mortgage’s DSCR program evaluates $2,215/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
1,742 sqft lot
$N/A/sqft
$217 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32259, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,430 (100%) |
| Owner Occupied HU | 22,707 (82.8%) |
| Renter Occupied HU | 3,208 (11.7%) |
| Vacant Housing Units | 1,515 ( 5.5%) |
| Median Home Value | $601,330 |
| Average Home Value | $676,148 |
Housing Distribution
Address Breakdown
Residential
25,528
Single Family
23,180
Multi-Family
2,348
Businesses
680
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Listed by: Comp Agent • Comp Office-Sold
Mls Name: St Augustine St Johns County BOR
Mls Provider:
Mls ID: #251555
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. 2025 St Augustine & St. Johns County Board of REALTORS. All rights reserved.