2416 Reese WayJacksonvilleFL32246
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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 2416 Reese Way, Jacksonville, FL, 32246 generates $3,258/mo in rent, after a $2,435/mo payment. Total monthly income is $3,258/mo. Return on cash invested sits at 19.02% in year one, and rental yield is 7.86% on a $497,500 entry. Equity gained on principal adds $3,210/yr, while 5% annual appreciation builds toward $137,450 over five years. Five-year ROI reaches 98.86% and total cumulative return in cash sums $163,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,258/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
10,766 sqft lot
$N/A/sqft
$79 monthly 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
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