10961 BURNT MILL Road #222JacksonvilleFL32216
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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 10961 BURNT MILL Road #222, Jacksonville, FL, 32216 uses $64,643 cash to close to unlock $7,300/yr annual cash flow and $608/mo monthly cash flow. Total monthly income runs $1,902/mo, and a $954/mo payment keeps the spread at $608/mo. Purchase price stands at $195,000, and rental yield measures 11.7% with $1,902/mo rent. Return on cash invested shows 31.2% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 164.04% and total cumulative return in cash records $106,042. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,902/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 2001
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: NENO SMAJIC • FLORIDA HOMES REALTY & MTG LLC
Mls Name: realMLS
Mls ID: #2112604