96202 Otter Run Dr, Fernandina Beach, FL, 32034 | $1,057/mo Cash Flow

Pending

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Fernandina Beach at 96202 Otter Run Dr, Fernandina Beach, FL, 32034 offers a 11.82% rental yield on a $329,000 purchase with $3,240/mo rent. Total monthly income registers $3,240/mo, and a $1,610/mo payment leaves $1,057/mo available for distribution. Annual cash flow reaches $12,684/yr on $109,064 to close, and return on cash invested stands at 31.54% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 165.78% and total cumulative return in cash at $180,801. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,240/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1996

0.28 Acres lot

$N/A/sqft

No 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