1120 E 24th StJacksonvilleFL32206
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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 1120 E 24th St, Jacksonville, FL, 32206 generates $2,276/mo in rent and, after a $1,061/mo payment, leaves $837/mo in cash flow. Total monthly income is $2,276/mo, and annual cash flow is $10,049/yr on $71,869 invested. Return on cash invested sits at 33.89% in year one, and rental yield is 12.6% on a $216,800 entry. Equity gained on principal adds $1,399/yr, while 5% annual appreciation builds toward $59,898 over five years. Five-year ROI reaches 178.44% and total cumulative return in cash sums $128,246. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,276/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 1917
7,778 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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