11623 MCCORMICK RoadJacksonvilleFL32225
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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 11623 MCCORMICK Road, Jacksonville, FL, 32225 uses $72,831 cash to close to unlock $7,444/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $2,078/mo, and a $1,075/mo payment keeps the spread at $620/mo. Purchase price stands at $219,700, and rental yield measures 11.35% with $2,078/mo rent. Return on cash invested shows 30.13% in year one, and 5% annual appreciation builds toward $60,699 over five years. Five-year ROI reaches 158.29% and total cumulative return in cash records $115,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,078/mo property income covering a $1,075/mo payment rather than investor’s personal income.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32225, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,342 (100%) |
| Owner Occupied HU | 15,540 (66.6%) |
| Renter Occupied HU | 6,935 (29.7%) |
| Vacant Housing Units | 867 ( 3.7%) |
| Median Home Value | $386,319 |
| Average Home Value | $446,854 |
Housing Distribution
Address Breakdown
Residential
24,513
Single Family
18,918
Multi-Family
5,595
Businesses
1,380
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Listed by: JASON HARTLEY PA • HERRON REAL ESTATE LLC
Mls Name: realMLS
Mls ID: #2115991