10961 Burnt Mill Rd APT 1424JacksonvilleFL32216
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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 at 10961 Burnt Mill Rd APT 1424, Jacksonville, FL, 32216 generates $1,054/mo in rent and, after a $685/mo payment, leaves $125/mo in cash flow. Total monthly income is $1,054/mo, and annual cash flow is $1,502/yr on $46,410 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 9.03% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 120.88% and total cumulative return in cash sums $56,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,054/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32216, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,501 (100%) |
| Owner Occupied HU | 9,101 (46.7%) |
| Renter Occupied HU | 8,864 (45.5%) |
| Vacant Housing Units | 1,536 ( 7.9%) |
| Median Home Value | $329,890 |
| Average Home Value | $364,255 |
Housing Distribution
Address Breakdown
Residential
19,382
Single Family
12,153
Multi-Family
7,229
Businesses
2,236
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Listed by: Richard Kerski • VILLAGE POINTE REALTY
Mls Name: My State MLS
Mls ID: #11550189