2887 Covenant Cove DrJacksonvilleFL32224
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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 2887 Covenant Cove Dr, Jacksonville, FL, 32224 at $499,000 posts ROI 18.94% with from $3,215/mo rent. Total monthly income equals $3,215/mo. Return on cash invested measures 18.94% and rental yield reads 7.73% at the current $499,000. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 by year five. Five-year ROI prints 98.34% and total cumulative return in cash totals $162,678. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,215/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2009
6,298 sqft lot
$N/A/sqft
$450 annually 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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Listed by: Mike Brown • PINEYWOODS REALTY, LLC
Mls Name: AINCAR
Mls Provider:
Mls ID: #111202
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.