13703 RICHMOND PARK Drive #3303JacksonvilleFL32224
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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 13703 RICHMOND PARK Drive #3303, Jacksonville, FL, 32224 uses $61,294 cash to close to unlock $2,124/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $1,404/mo, and a $905/mo payment keeps the spread at $177/mo. Purchase price stands at $184,900, and rental yield measures 9.11% with $1,404/mo rent. Return on cash invested shows 23.37% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 122% and total cumulative return in cash records $74,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,404/mo property income covering a $905/mo payment rather than investor’s personal income.
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: MATTHEW QUITTER • YOUR HOME SOLD GUARANTEED REALTY ADVISORS
Mls Name: realMLS
Mls ID: #2081485