1478 RIVERPLACE Boulevard #1605JacksonvilleFL32207
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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
Rental property for sale in Jacksonville at 1478 RIVERPLACE Boulevard #1605, Jacksonville, FL, 32207 generates $3,384/mo in rent, after a $3,071/mo payment. Total monthly income is $3,384/mo. Return on cash invested sits at 15.53% in year one, and rental yield is 6.47% on a $627,500 entry. Equity gained on principal adds $4,049/yr, while 5% annual appreciation builds toward $173,367 over five years. Five-year ROI reaches 79.91% and total cumulative return in cash sums $164,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,384/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32207, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,101 (100%) |
| Owner Occupied HU | 8,798 (43.8%) |
| Renter Occupied HU | 9,108 (45.3%) |
| Vacant Housing Units | 2,195 (10.9%) |
| Median Home Value | $346,442 |
| Average Home Value | $442,591 |
Housing Distribution
Address Breakdown
Residential
18,150
Single Family
15,076
Multi-Family
3,074
Businesses
2,218
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Listed by: WADE L GRIFFIN • COLDWELL BANKER VANGUARD REALTY
Mls Name: realMLS
Mls ID: #2092829