Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$900,000

For Sale - Active
6433 River Point Dr, Fleming Island, FL 32003
4 Beds
3 Baths
2,676 Square Feet
0.54 Acres Lot
Built in 1978
For Sale - Active
1 Units
Checked: 2 hours ago
Updated: Jul 04, 2025 at 03:00AM

Investment Summary


Monthly Cash Flow
-$2,534
Cap Rate
2.8%
Cash-on-Cash Return
-14.7%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.2%

Property Description


0.54 Acres Lot
Built in 1978
For Sale - Active
1 Units

Completely Remodeled 4 Bedroom / 3 Bathroom home with 100-ft of Waterfront, Lifetime Vinyl Bulkhead, 10,000-lb Boat Lift, 2 Jet-ski Floating Docks, Golf Course Zoysia Grass, Programmable Sprinkler System, Heated Salt Water Pool w/ Spa & Waterfall PLUS an Outdoor Kitchen! Very unique pull-thru garage + RV parking connections (50amp + water). Exterior home re-sided hardy board (2024), Re-Painted inside and out, Flooring Replaced, Custom Kitchen Cabinets with Granite Counters & Energy-Star Appliances. OPEN CONCEPT! All Bathrooms are Fully Upgraded, Top-of-the-line Light/Fan Fixtures, Smooth Ceilings, Replaced all Windows & Sliding Doors with integrated blinds & New Vinyl Fencing. Plumbing, Electrical, AC & Tankless Water Heaters updated (2024/5) + New Roof (2021)! No HOA or CDD Fees. Enjoy a worry-free life on the water! 1/2 Acre Beautiful and Private canal-front property a few houses down from the St. John's Waterway!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Circular Driveway, Garage, Garage Door Opener, RV Access/Parking
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Type: Gable or Hip
  • Roof Material: Shingle
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 37052601462900000
  • Lot Size: 23522 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Traditional
  • Year Built: 1978

Tax Information

  • Annual Tax: $4,891

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air, Multi Units

Location

  • County: Clay

Listing Details


Listed by:
JENNIFER TILLSON
INI REALTY
(904) 486-6686

Source:
realMLS (Northeast Florida Multiple Listing Service)
MLS#: 2073199
realMLS (Northeast Florida Multiple Listing Service)

Investment Summary


Monthly Cash Flow
-$2,534
Cap Rate
2.8%
Cash-on-Cash Return
-14.7%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.2%

Purchase Details

Find an Agent

Purchase price:
$900,000
Amount financed:
-$720,000
Down payment:
$180,000
Closing costs:
$27,000
Rehab costs:
$0
Initial cash invested:
$207,000
Square feet:
2,676
Cost per square foot:
$336
Monthly rent per square foot:
$1.35

Financing Details

Find a Lender

Loan amount:
$720,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,610
Property tax:
$408
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,270

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$408-$4,891
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$1,308-$15,691

Cash Flow


Monthly Yearly
Net operating income:
$2,076 $24,912
Mortgage payments:
-$4,610 -$55,320
Cash flow:
$2,534 $30,408