10075 GATE Parkway #706JacksonvilleFL32246
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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 10075 GATE Parkway #706, Jacksonville, FL, 32246 uses $46,079 cash to close to unlock $2,243/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,109/mo, and a $680/mo payment keeps the spread at $187/mo. Purchase price stands at $139,000, and rental yield measures 9.57% with $1,109/mo rent. Return on cash invested shows 24.78% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 129.55% and total cumulative return in cash records $59,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,109/mo property income covering a $680/mo payment rather than investor’s personal income.
Condo
Built in 2001
435.60 sqft 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: PHILIP SCARBOROUGH • ELITE REALTY GROUP
Mls Name: realMLS
Mls ID: #2106367