Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
27
Value up to $961K; Rent at $3,801
Updated yesterday • 3 new comps
Your Investment Paths
Turnkey Rental
509 Oceanwood Drive presents a compelling rental opportunity in Neptune Beach. Market data suggests a strong monthly income potential between $3,357 and $3,981, making it a viable asset for steady, long-term cash flow generation. This property offers an impressive estimated yield of 9.73 percent. With stable market appreciation and demand for coastal living, this rental scenario serves as a solid strategy for maximizing returns on your local investment.
More about this home
Neighborhood Assessment
Neptune Beach's Oceanwood neighborhood shines with walkability—you can bike to the beach, town center, Jarboe Park, and dining spots in minutes. Strong schools like Neptune Beach Elementary (8/10 rating) just 0.6 miles away boost appeal. Nearby comps average ~$600K Zestimates for similar homes, signaling steady demand in this coastal gem. It's a stable, desirable spot east of Penman Rd. Comps like 510 Oceanwood Dr at $543K and larger homes hitting $700K+ show solid values for this 1,870 sqft, 2-bed/2-bath property sold for $453K in early 2024. Zestimate now at $573K suggests appreciation potential amid beachside allure.
Market Activity
+ Ask a question in the app
Rental Income
$44K
Yield
9.7%
Appreciation
$7K
Year 1 Estimates
Fix-and-Flip
Updating your home creates a fresh, modern aesthetic that truly resonates with buyers. Properties featuring these improvements currently see a price per square foot of 474 dollars, compared to the 462 dollar neighborhood average. This 2.6 percent increase helps your home shine in a crowded market. With potential sale prices reaching over 900,000 dollars, these enhancements offer excellent lifestyle benefits, ensuring your property feels vibrant, current, and highly desirable to others.
Value Add
$23K
Appreciation
$14K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong value-add potential with post-renovation values reaching up to $929,000. While the flip upside appears limited, the renovation will elevate the home to meet top-tier market standards and ensure long-term asset quality. Projected rental income hits a solid $3,636 monthly, yielding a 4.9% return. Although the yield is modest, the combination of premium rental demand and steady appreciation makes this a reliable, high-end buy and hold opportunity.
Rental Income
$44K
Yield
4.9%
Appreciation
$15K
Year 1 Estimates, Post Typical Renovation
Estimated value
$453K
$130.2K below comp median
Comparative Market Analysis
$448K – $660K
~73 days to sell
Based on 8 comps
509 OCEANWOOD Drive, Neptune Beach Investment Report: Flip & Rental Analysis · Frontflip