11223 MARTIN LAKES Drive NJacksonvilleFL32220
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 11223 MARTIN LAKES Drive N, Jacksonville, FL, 32220 generates $1,909/mo in rent and, after a $1,348/mo payment, leaves $81/mo in cash flow. Total monthly income is $1,909/mo, and annual cash flow is $976/yr on $91,295 invested. Return on cash invested sits at 20.98% in year one, and rental yield is 8.32% on a $275,400 entry. Equity gained on principal adds $1,777/yr, while 5% annual appreciation builds toward $76,088 over five years. Five-year ROI reaches 109.21% and total cumulative return in cash sums $99,700. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,909/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32220, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,770 (100%) |
| Owner Occupied HU | 4,401 (76.3%) |
| Renter Occupied HU | 942 (16.3%) |
| Vacant Housing Units | 427 ( 7.4%) |
| Median Home Value | $330,965 |
| Average Home Value | $357,993 |
Housing Distribution
Address Breakdown
Residential
5,497
Single Family
5,411
Multi-Family
86
Businesses
296
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AUDLEY HUMES • NORTHPOINT REAL ESTATE
Mls Name: realMLS
Mls ID: #2120531