1031 1ST Street S UNIT 406Jacksonville BeachFL32250
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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
Rental property for sale in Jacksonville Beach at 1031 1ST Street S UNIT 406, Jacksonville Beach, FL, 32250 generates $7,681/mo in rent, after a $6,216/mo payment. Total monthly income is $7,681/mo. Return on cash invested sits at 14.48% in year one, and rental yield is 7.26% on a $1,270,000 entry. Equity gained on principal adds $8,195/yr, while 5% annual appreciation builds toward $350,878 over five years. Five-year ROI reaches 75.61% and total cumulative return in cash sums $311,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,681/mo property income rather than buyer’s personal income.
Condo
Built in 2006
435.60 sqft lot
$N/A/sqft
$1,271 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32250, Jacksonville Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,941 (100%) |
| Owner Occupied HU | 9,538 (59.8%) |
| Renter Occupied HU | 4,985 (31.3%) |
| Vacant Housing Units | 1,418 ( 8.9%) |
| Median Home Value | $544,909 |
| Average Home Value | $603,347 |
Housing Distribution
Address Breakdown
Residential
14,794
Single Family
10,224
Multi-Family
4,570
Businesses
1,506
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Listed by: Rick Mehaffey • WATSON REALTY CORP
Mls Name: realMLS
Mls Provider:
Mls ID: #2020596
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by realMLS.