2326 Covington Creek Cir WJacksonvilleFL32224
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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 2326 Covington Creek Cir W, Jacksonville, FL, 32224 listed at $599,000 pairs $4,378/mo rent with a $2,932/mo payment to leave $403/mo cash flow. Total monthly income runs $4,378/mo, and annual cash flow reaches $4,833/yr on $197,071 cash to close. Return on cash invested measures 22.51% in year one, and rental yield registers 8.77% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 117.36% and total cumulative return in cash totals $231,286. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,378/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32224, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,258 (100%) |
| Owner Occupied HU | 9,948 (51.7%) |
| Renter Occupied HU | 8,089 (42.0%) |
| Vacant Housing Units | 1,221 ( 6.3%) |
| Median Home Value | $472,373 |
| Average Home Value | $530,588 |
Housing Distribution
Address Breakdown
Residential
19,257
Single Family
11,083
Multi-Family
8,174
Businesses
687
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Nearby investment properties with comparable prices
Listed by: Melissa Ricks • KELLER WILLIAMS REALTY / FB OFFICE
Mls Name: AINCAR
Mls ID: #114823