96163 Ridgewood CirFernandina 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 96163 Ridgewood Cir, Fernandina Beach, FL, 32034 earns $882/mo cash flow from $3,696/mo rent with a $2,046/mo payment. Total monthly income totals $3,696/mo, and annual cash flow totals $10,589/yr on $138,567 capital. ROI tracks 27.55% on current figures, and rental yield reads 10.61% at a $418,000 purchase. Equity gained on principal adds $2,697/yr, and 5% annual appreciation supports $115,486 over five years. Five-year ROI reaches 144.54% and total cumulative return in cash sums $200,283. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,696/mo property income instead of your personal income.
Single Family
Built in 2004
6,600 sqft lot
$N/A/sqft
$475 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: Hazel Preuss • WATSON REALTY CORP.
Mls Name: AINCAR
Mls Provider:
Mls ID: #105767
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.