1619 MORROW RoadJacksonvilleFL32234
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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 1619 MORROW Road, Jacksonville, FL, 32234 uses $96,135 cash to close to unlock $839/yr annual cash flow and $70/mo monthly cash flow. Total monthly income runs $1,994/mo, and a $1,419/mo payment keeps the spread at $70/mo. Purchase price stands at $290,000, and rental yield measures 8.25% with $1,994/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 108.1% and total cumulative return in cash records $103,924. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,994/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Manufactured
Built in 1993
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32234, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,277 (100%) |
| Owner Occupied HU | 2,250 (68.7%) |
| Renter Occupied HU | 738 (22.5%) |
| Vacant Housing Units | 289 ( 8.8%) |
| Median Home Value | $365,140 |
| Average Home Value | $395,409 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,432
Multi-Family
84
Businesses
138
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Listed by: Curtis Bryan Kallam • KALLAM REALTY GROUP PLLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2088318
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.