13715 RICHMOND PARK Drive N UNIT 501JacksonvilleFL32224
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 13715 RICHMOND PARK Drive N UNIT 501, Jacksonville, FL, 32224 in Jacksonville hard to pass up. The 13.37% gross yield on a $315,900 purchase results in $3,520/mo in rent and $1,042/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.48). Annual cash flow of $12,504, five-year appreciation of $87,277, and $2,909/yr in equity build-up combine for a projected total cumulative return of $189,185.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.4% | 6.2% |
| Monthly Cash Flow | $1,042 | $450 |
City averages based on Jacksonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,520 |
| Total Monthly Debt Service | $2,352 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
N/A lot
$N/A/sqft
$312 monthly 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
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
Condo
Built in 2001
N/A lot
$N/A/sqft
$312 monthly 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