CORMORANT II Plan, Landing at Olde FloridaSaint AugustineFL32084
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines CORMORANT II Plan, Landing at Olde Florida, Saint Augustine, FL, 32084 in Saint Augustine: $4,175/mo in rent, $864/mo net, 10.04% gross yield, all on a $498,900 acquisition. The 1.86 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $137,837 in value, and $4,595/yr in principal paydown steadily builds equity. Projected total cumulative return: $245,822.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.0% |
| Monthly Cash Flow | $864 | $200 |
City averages based on Saint Augustine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,175 |
| Total Monthly Debt Service | $3,112 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Drees Homes
Mls Name: Drees Homes
Mls Provider:
Mls ID: #N/A