1812 OCEAN Drive SJacksonville 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
Rental property for sale in Jacksonville Beach at 1812 OCEAN Drive S, Jacksonville Beach, FL, 32250 priced at $1,190,000 converts $2,791/mo rent into after a $5,824/mo obligation. Total monthly income equals $2,791/mo. Return on cash invested prints 4.48% in year one, and rental yield reads 2.81% against a $1,190,000 entry. Equity gained on principal adds $7,679/yr, while 5% annual appreciation compiles into $328,775 by year five. Five-year ROI reaches 20.61% and total cumulative return in cash sums $79,456. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,791/mo property income covering a $5,824/mo payment, not borrower’s personal income.
Single Family
Built in 1958
3,500 sqft lot
$N/A/sqft
No 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: STEPHEN B WILLIAMS • EXP REALTY LLC
Mls Name: realMLS
Mls ID: #2122985