11521 LUCAS StreetJacksonvilleFL32218
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 11521 LUCAS Street, Jacksonville, FL, 32218 in Jacksonville at $225,000 earns $1,654/mo in rent and nets $160/mo after the $1,012/mo payment, a 8.82% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $62,163 over five years. Ziffy Mortgage underwrites this on a 1.63 DSCR without U.S. credit history. With $2,072/yr in principal paydown, total projected return reaches $96,144.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $160 | $450 |
City averages based on Jacksonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,654 |
| Total Monthly Debt Service | $1,404 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1945
0.32 Acres 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
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
Single Family
Built in 1945
0.32 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DIANA WATTS • FLORIDA HOMES REALTY & MTG LLC
Mls Name: realMLS
Mls ID: #2118490