2243 BURTON ISLAND WayJacksonvilleFL32218
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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 2243 BURTON ISLAND Way, Jacksonville, FL, 32218 uses $119,340 cash to close to unlock $2,102/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $2,768/mo, and a $1,762/mo payment keeps the spread at $175/mo. Purchase price stands at $360,000, and rental yield measures 9.23% with $2,768/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 113.64% and total cumulative return in cash records $135,621. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,768/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2022
6,534 sqft lot
$N/A/sqft
$156 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32218, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,698 (100%) |
| Owner Occupied HU | 19,178 (60.5%) |
| Renter Occupied HU | 10,177 (32.1%) |
| Vacant Housing Units | 2,343 ( 7.4%) |
| Median Home Value | $324,304 |
| Average Home Value | $349,279 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
26,020
Multi-Family
4,047
Businesses
1,464
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Listed by: BRYCE OCEPEK • COLDWELL BANKER ANABASIS REALTY
Mls Name: realMLS
Mls Provider:
Mls ID: #2092103
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.