1596 LANCASTER Terrace #7AJacksonvilleFL32204
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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 1596 LANCASTER Terrace #7A, Jacksonville, FL, 32204 priced at $449,900 converts $3,331/mo rent into $345/mo cash flow after a $2,202/mo obligation. Total monthly income equals $3,331/mo, and annual cash flow totals $4,145/yr on $149,142 invested. Return on cash invested prints 22.69% in year one, and rental yield reads 8.88% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 118.34% and total cumulative return in cash sums $176,494. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,331/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32204, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,358 (100%) |
| Owner Occupied HU | 1,342 (25.0%) |
| Renter Occupied HU | 3,467 (64.7%) |
| Vacant Housing Units | 549 (10.2%) |
| Median Home Value | $448,848 |
| Average Home Value | $455,756 |
Housing Distribution
Address Breakdown
Residential
5,179
Single Family
2,639
Multi-Family
2,540
Businesses
881
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Listed by: SCOTT LEHMBECK • REAL ESTATE ASSET DISPOSITION CORP.
Mls Name: realMLS
Mls ID: #2120035