1601 OCEAN Drive UNIT 601Jacksonville BeachFL32250
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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 Beach at 1601 OCEAN Drive UNIT 601, Jacksonville Beach, FL, 32250 earns from $4,542/mo rent with a $4,058/mo payment. Total monthly income totals $4,542/mo. ROI tracks 8.5% on current figures, and rental yield reads 6.57% at a $829,000 purchase. Equity gained on principal adds $5,349/yr, and 5% annual appreciation supports $229,037 over five years. Five-year ROI reaches 44.88% and total cumulative return in cash sums $122,416. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,542/mo property income instead of your personal income.
Condo
Built in 1974
435.60 sqft lot
$N/A/sqft
$1,486 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32250, Jacksonville Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,941 (100%) |
| Owner Occupied HU | 9,538 (59.8%) |
| Renter Occupied HU | 4,985 (31.3%) |
| Vacant Housing Units | 1,418 ( 8.9%) |
| Median Home Value | $544,909 |
| Average Home Value | $603,347 |
Housing Distribution
Address Breakdown
Residential
14,794
Single Family
10,224
Multi-Family
4,570
Businesses
1,506
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Listed by: SHAUN JONES • MONUMENTAL REALTY SERVICES LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2055627
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by realMLS.