1023 Franklin StJacksonvilleFL32206
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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 1023 Franklin St, Jacksonville, FL, 32206 offers a 9.82% rental yield on a $214,400 purchase with $1,754/mo rent. Total monthly income registers $1,754/mo, and a $1,049/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,979/yr on $71,074 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $1,383/yr while 5% annual appreciation supports $59,235 over five years. Portfolio math shows five-year ROI at 133.47% and total cumulative return in cash at $94,865. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,754/mo property income against a $1,049/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1957
3,725 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32206, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,446 (100%) |
| Owner Occupied HU | 3,358 (35.5%) |
| Renter Occupied HU | 4,580 (48.5%) |
| Vacant Housing Units | 1,508 (16.0%) |
| Median Home Value | $158,275 |
| Average Home Value | $300,232 |
Housing Distribution
Address Breakdown
Residential
8,109
Single Family
7,434
Multi-Family
675
Businesses
876
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