13700 RICHMOND PARK Drive N #207JacksonvilleFL32224
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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 13700 RICHMOND PARK Drive N #207, Jacksonville, FL, 32224 offers a 10.6% rental yield on a $237,000 purchase with $2,094/mo rent. Total monthly income registers $2,094/mo, and a $1,160/mo payment leaves $521/mo available for distribution. Annual cash flow reaches $6,255/yr on $78,566 to close, and return on cash invested stands at 27.87% in year one. Equity gained on principal adds $1,529/yr while 5% annual appreciation supports $65,479 over five years. Portfolio math shows five-year ROI at 146.17% and total cumulative return in cash at $114,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,094/mo property income against a $1,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32224, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,258 (100%) |
| Owner Occupied HU | 9,948 (51.7%) |
| Renter Occupied HU | 8,089 (42.0%) |
| Vacant Housing Units | 1,221 ( 6.3%) |
| Median Home Value | $472,373 |
| Average Home Value | $530,588 |
Housing Distribution
Address Breakdown
Residential
19,257
Single Family
11,083
Multi-Family
8,174
Businesses
687
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Listed by: MARY NELDNER • CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST
Mls Name: realMLS
Mls ID: #2111831