1110 AKE LaneJacksonvilleFL32218
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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 1110 AKE Lane, Jacksonville, FL, 32218 uses $75,914 cash to close to unlock $1,478/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,643/mo, and a $1,121/mo payment keeps the spread at $123/mo. Purchase price stands at $229,000, and rental yield measures 8.61% with $1,643/mo rent. Return on cash invested shows 21.86% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 113.93% and total cumulative return in cash records $86,489. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,643/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32218, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,698 (100%) |
| Owner Occupied HU | 19,178 (60.5%) |
| Renter Occupied HU | 10,177 (32.1%) |
| Vacant Housing Units | 2,343 ( 7.4%) |
| Median Home Value | $324,304 |
| Average Home Value | $349,279 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
26,020
Multi-Family
4,047
Businesses
1,464
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Listed by: KAL ZALLOUM • ZALLOUM REALTY LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2073509
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.