246 NEWS StreetJacksonvilleFL32211
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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 246 NEWS Street, Jacksonville, FL, 32211 offers a 7.62% rental yield on a $260,000 purchase with $1,650/mo rent. 85% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 97.81% and total cumulative return in cash at $84,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,650/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32211, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,966 (100%) |
| Owner Occupied HU | 7,394 (46.3%) |
| Renter Occupied HU | 7,213 (45.2%) |
| Vacant Housing Units | 1,359 ( 8.5%) |
| Median Home Value | $244,330 |
| Average Home Value | $327,935 |
Housing Distribution
Address Breakdown
Residential
14,582
Single Family
12,729
Multi-Family
1,853
Businesses
1,022
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Listed by: DINA MOEAKIOLA • REDFIN CORPORATION
Mls Name: realMLS
Mls ID: #2110022