2562 SUMMIT StreetJacksonvilleFL32204
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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 2562 SUMMIT Street, Jacksonville, FL, 32204 offers a 11.42% rental yield on a $214,400 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,049/mo payment leaves $618/mo available for distribution. Annual cash flow reaches $7,411/yr on $71,074 to close, and return on cash invested stands at 30.34% in year one. Equity gained on principal adds $1,383/yr while 5% annual appreciation supports $59,235 over five years. Portfolio math shows five-year ROI at 159.36% and total cumulative return in cash at $113,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,049/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32204, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,358 (100%) |
| Owner Occupied HU | 1,342 (25.0%) |
| Renter Occupied HU | 3,467 (64.7%) |
| Vacant Housing Units | 549 (10.2%) |
| Median Home Value | $448,848 |
| Average Home Value | $455,756 |
Housing Distribution
Address Breakdown
Residential
5,179
Single Family
2,639
Multi-Family
2,540
Businesses
881
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Listed by: ERIN E KING • COLDWELL BANKER VANGUARD REALTY
Mls Name: realMLS
Mls ID: #2124785