1071 EDGEWOOD Avenue S #602JacksonvilleFL32205
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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 1071 EDGEWOOD Avenue S #602, Jacksonville, FL, 32205 uses $42,101 cash to close to unlock $4,474/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,216/mo, and a $622/mo payment keeps the spread at $373/mo. Purchase price stands at $127,000, and rental yield measures 11.49% with $1,216/mo rent. Return on cash invested shows 30.54% in year one, and 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 160.44% and total cumulative return in cash records $67,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,216/mo property income covering a $622/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32205, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,355 (100%) |
| Owner Occupied HU | 7,663 (49.9%) |
| Renter Occupied HU | 6,471 (42.1%) |
| Vacant Housing Units | 1,221 ( 8.0%) |
| Median Home Value | $340,528 |
| Average Home Value | $420,715 |
Housing Distribution
Address Breakdown
Residential
14,925
Single Family
13,186
Multi-Family
1,739
Businesses
1,070
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Listed by: PAMELA FORE • HERRON REAL ESTATE LLC
Mls Name: realMLS
Mls ID: #2112319