2909 ST JOHNS Avenue #11AJacksonvilleFL32205
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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 2909 ST JOHNS Avenue #11A, Jacksonville, FL, 32205 offers a 8.61% rental yield on a $204,900 purchase with $1,470/mo rent. Total monthly income registers $1,470/mo, and a $1,003/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,322/yr on $67,924 to close, and return on cash invested stands at 21.85% in year one. Equity gained on principal adds $1,322/yr while 5% annual appreciation supports $56,610 over five years. Portfolio math shows five-year ROI at 113.93% and total cumulative return in cash at $77,386. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,470/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1945
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32205, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,355 (100%) |
| Owner Occupied HU | 7,663 (49.9%) |
| Renter Occupied HU | 6,471 (42.1%) |
| Vacant Housing Units | 1,221 ( 8.0%) |
| Median Home Value | $340,528 |
| Average Home Value | $420,715 |
Housing Distribution
Address Breakdown
Residential
14,925
Single Family
13,186
Multi-Family
1,739
Businesses
1,070
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Listed by: DAVID BLAIR • REDFIN CORPORATION
Mls Name: realMLS
Mls ID: #2121898