2302 CHALLENGER Court W #2302JacksonvilleFL32233
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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 2302 CHALLENGER Court W #2302, Jacksonville, FL, 32233 uses $61,328 cash to close to unlock $2,649/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,448/mo, and a $905/mo payment keeps the spread at $221/mo. Purchase price stands at $185,000, and rental yield measures 9.39% with $1,448/mo rent. Return on cash invested shows 24.23% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 126.6% and total cumulative return in cash records $77,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,448/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1987
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32233, Atlantic Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,880 (100%) |
| Owner Occupied HU | 6,374 (53.7%) |
| Renter Occupied HU | 4,680 (39.4%) |
| Vacant Housing Units | 826 ( 7.0%) |
| Median Home Value | $455,507 |
| Average Home Value | $606,977 |
Housing Distribution
Address Breakdown
Residential
11,802
Single Family
9,212
Multi-Family
2,590
Businesses
736
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Listed by: JENNIFER CUSUMANO • FULL HOUSE REALTY
Mls Name: realMLS
Mls ID: #2103533