10000 GATE Parkway N #111JacksonvilleFL32246
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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
Investment property for sale in Jacksonville at 10000 GATE Parkway N #111, Jacksonville, FL, 32246 offers a 11.1% rental yield on a $211,000 purchase with $1,951/mo rent. Total monthly income registers $1,951/mo, and a $1,033/mo payment leaves $551/mo available for distribution. Annual cash flow reaches $6,606/yr on $69,947 to close, and return on cash invested stands at 29.35% in year one. Equity gained on principal adds $1,362/yr while 5% annual appreciation supports $58,295 over five years. Portfolio math shows five-year ROI at 154.1% and total cumulative return in cash at $107,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,951/mo property income against a $1,033/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32246, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,240 (100%) |
| Owner Occupied HU | 13,631 (50.0%) |
| Renter Occupied HU | 11,522 (42.3%) |
| Vacant Housing Units | 2,087 ( 7.7%) |
| Median Home Value | $362,760 |
| Average Home Value | $403,295 |
Housing Distribution
Address Breakdown
Residential
25,306
Single Family
18,270
Multi-Family
7,036
Businesses
1,213
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Listed by: JULIA BROOKE RAWLS • UNITED REAL ESTATE GALLERY
Mls Name: realMLS
Mls ID: #2096555