86071 REMSENBURG DriveFernandina 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
Investment property for sale in Fernandina Beach at 86071 REMSENBURG Drive, Fernandina Beach, FL, 32034 uses $185,556 cash to close to unlock $6,988/yr annual cash flow and $582/mo monthly cash flow. Total monthly income runs $4,508/mo, and a $2,761/mo payment keeps the spread at $582/mo. Purchase price stands at $564,000, and rental yield measures 9.59% with $4,508/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $155,823 over five years. Five-year ROI reaches 124.85% and total cumulative return in cash records $231,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,508/mo property income covering a $2,761/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
$1,100 semi-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: KAREN WERLING • BERKSHIRE HATHAWAY HOME SERVICES HEYMANN WILLIAMS
Mls Name: realMLS
Mls Provider:
Mls ID: #2063205
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.