1950 Paine AveJacksonvilleFL32211
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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 1950 Paine Ave, Jacksonville, FL, 32211 offers a 9.46% rental yield on a $129,000 purchase with $1,017/mo rent. Total monthly income registers $1,017/mo, and a $631/mo payment leaves $161/mo available for distribution. Annual cash flow reaches $1,936/yr on $42,764 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 127.79% and total cumulative return in cash at $54,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,017/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
2.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32211, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,966 (100%) |
| Owner Occupied HU | 7,394 (46.3%) |
| Renter Occupied HU | 7,213 (45.2%) |
| Vacant Housing Units | 1,359 ( 8.5%) |
| Median Home Value | $244,330 |
| Average Home Value | $327,935 |
Housing Distribution
Address Breakdown
Residential
14,582
Single Family
12,729
Multi-Family
1,853
Businesses
1,022
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