13715 RICHMOND PARK Drive #308JacksonvilleFL32224
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
Investment Highlights
Investment property for sale in Jacksonville at 13715 RICHMOND PARK Drive #308, Jacksonville, FL, 32224 offers a 9.98% rental yield on a $275,000 purchase with $2,287/mo rent. Total monthly income registers $2,287/mo, and a $1,346/mo payment leaves $462/mo available for distribution. Annual cash flow reaches $5,544/yr on $91,163 to close, and return on cash invested stands at 25.99% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 136.09% and total cumulative return in cash at $124,067. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,287/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JOSEPH GARRASI • RARE REAL ESTATE LLC
Mls Name: realMLS
Mls ID: #2105449