2031 REED AvenueJacksonvilleFL32207
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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 2031 REED Avenue, Jacksonville, FL, 32207 priced at $290,000 converts $2,410/mo rent into $439/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $5,263/yr on $96,135 invested. Return on cash invested prints 25.38% in year one, and rental yield reads 9.97% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 133.02% and total cumulative return in cash sums $127,876. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1943
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32207, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,101 (100%) |
| Owner Occupied HU | 8,798 (43.8%) |
| Renter Occupied HU | 9,108 (45.3%) |
| Vacant Housing Units | 2,195 (10.9%) |
| Median Home Value | $346,442 |
| Average Home Value | $442,591 |
Housing Distribution
Address Breakdown
Residential
18,150
Single Family
15,076
Multi-Family
3,074
Businesses
2,218
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Listed by: ROBERT PETROCELLI • PETRO GROUP REALTY
Mls Name: realMLS
Mls Provider:
Mls ID: #2042106
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.