2243 IRONSTONE Drive EJacksonvilleFL32246
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2243 IRONSTONE Drive E, Jacksonville, FL, 32246 priced at $229,900 pairs $2,090/mo rent with $565/mo cash flow after a $1,125/mo payment. Total monthly income equals $2,090/mo, and annual cash flow comes to $6,775/yr on $76,212 invested. Return on cash invested is 28.8% in year one, and rental yield stands at 10.91% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 151.11% and total cumulative return in cash reaches $115,163. For financing, Ziffy Mortgage’s DSCR program evaluates $2,090/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1986
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32246, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,240 (100%) |
| Owner Occupied HU | 13,631 (50.0%) |
| Renter Occupied HU | 11,522 (42.3%) |
| Vacant Housing Units | 2,087 ( 7.7%) |
| Median Home Value | $362,760 |
| Average Home Value | $403,295 |
Housing Distribution
Address Breakdown
Residential
25,306
Single Family
18,270
Multi-Family
7,036
Businesses
1,213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MISTY WILLIAMS • WATSON REALTY CORP
Mls Name: realMLS
Mls ID: #2086070