1403 Myrtle Ave NJacksonvilleFL32209
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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 1403 Myrtle Ave N, Jacksonville, FL, 32209 listed at $120,750 pairs $1,081/mo rent with a $591/mo payment to leave $186/mo cash flow. Total monthly income runs $1,081/mo, and annual cash flow reaches $2,235/yr on $40,029 cash to close. Return on cash invested measures 25.49% in year one, and rental yield registers 10.74% at a $120,750 basis. Equity gained on principal adds $779/yr, and annual property appreciation at 5% supports $33,361 by year five. Five-year ROI tracks 134.49% and total cumulative return in cash totals $53,835. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,081/mo property income relative to a $591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
5,462 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32209, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,440 (100%) |
| Owner Occupied HU | 6,709 (40.8%) |
| Renter Occupied HU | 7,453 (45.3%) |
| Vacant Housing Units | 2,278 (13.9%) |
| Median Home Value | $86,153 |
| Average Home Value | $254,357 |
Housing Distribution
Address Breakdown
Residential
14,781
Single Family
13,909
Multi-Family
872
Businesses
765
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