111 E 1ST Street #10JacksonvilleFL32206
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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 111 E 1ST Street #10, Jacksonville, FL, 32206 uses $41,106 cash to close to unlock $13,476/yr annual cash flow and $1,123/mo monthly cash flow. Total monthly income runs $1,946/mo, and a $607/mo payment keeps the spread at $1,123/mo. Purchase price stands at $124,000, and rental yield measures 18.83% with $1,946/mo rent. Return on cash invested shows 52.69% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 279.38% and total cumulative return in cash records $114,843. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,946/mo property income covering a $607/mo payment rather than investor’s personal income.
Condo
Built in 1985
1,306 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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Listed by: CHRISTINE MARIE LANDRAU • MARK SPAIN REAL ESTATE
Mls Name: realMLS
Mls ID: #2113699