12311 KENSINGTON LAKES Drive #1303JacksonvilleFL32246
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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 12311 KENSINGTON LAKES Drive #1303, Jacksonville, FL, 32246 uses $68,040 cash to close to unlock $5,730/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $1,840/mo, and a $1,005/mo payment keeps the spread at $478/mo. Purchase price stands at $205,250, and rental yield measures 10.76% with $1,840/mo rent. Return on cash invested shows 28.33% in year one, and 5% annual appreciation builds toward $56,707 over five years. Five-year ROI reaches 148.61% and total cumulative return in cash records $101,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,840/mo property income covering a $1,005/mo payment rather than investor’s personal income.
Condo
Built in 1999
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32246, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,240 (100%) |
| Owner Occupied HU | 13,631 (50.0%) |
| Renter Occupied HU | 11,522 (42.3%) |
| Vacant Housing Units | 2,087 ( 7.7%) |
| Median Home Value | $362,760 |
| Average Home Value | $403,295 |
Housing Distribution
Address Breakdown
Residential
25,306
Single Family
18,270
Multi-Family
7,036
Businesses
1,213
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Listed by: CAILEN HARRIS • WATKINS REALTY GROUP
Mls Name: realMLS
Mls ID: #2109036