1531 LOCKEND CourtJacksonvilleFL32221
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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 1531 LOCKEND Court, Jacksonville, FL, 32221 generates $2,761/mo in rent, after a $2,374/mo payment. Total monthly income is $2,761/mo. Return on cash invested sits at 16.49% in year one, and rental yield is 6.83% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 85.13% and total cumulative return in cash sums $136,862. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,761/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32221, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,634 (100%) |
| Owner Occupied HU | 9,455 (69.3%) |
| Renter Occupied HU | 3,254 (23.9%) |
| Vacant Housing Units | 925 ( 6.8%) |
| Median Home Value | $343,695 |
| Average Home Value | $348,316 |
Housing Distribution
Address Breakdown
Residential
12,809
Single Family
12,275
Multi-Family
534
Businesses
379
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Listed by: CYNTHIA RIEGLER • COWFORD REALTY & DESIGN LLC
Mls Name: realMLS
Mls ID: #2104949