977 Chad StFernandina 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 977 Chad St, Fernandina Beach, FL, 32034 priced at $438,500 pairs $3,240/mo rent with $330/mo cash flow after a $2,146/mo payment. Total monthly income equals $3,240/mo, and annual cash flow comes to $3,963/yr on $145,363 invested. Return on cash invested is 22.64% in year one, and rental yield stands at 8.87% on a $438,500 basis. Equity gained on principal adds $2,830/yr, and 5% annual appreciation accumulates to $121,149 by year five. Five-year ROI measures 118.06% and total cumulative return in cash reaches $171,619. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $2,146/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
3,937 sqft 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 |
Housing Distribution
Address Breakdown
Residential
21,050
Single Family
18,551
Multi-Family
2,499
Businesses
1,193
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Listed by: John Holbrook • PINEYWOODS REALTY, LLC
Mls Name: AINCAR
Mls Provider:
Mls ID: #109905
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.