2944 MADRID Avenue EJacksonvilleFL32217
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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 2944 MADRID Avenue E, Jacksonville, FL, 32217 earns from $2,063/mo rent with a $2,100/mo payment. Total monthly income totals $2,063/mo. ROI tracks 13.29% on current figures, and rental yield reads 5.77% at a $429,000 purchase. Equity gained on principal adds $2,768/yr, and 5% annual appreciation supports $118,525 over five years. Five-year ROI reaches 67.93% and total cumulative return in cash sums $96,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,063/mo property income instead of your personal income.
Single Family
Built in 1964
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32217, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,419 (100%) |
| Owner Occupied HU | 5,237 (55.6%) |
| Renter Occupied HU | 3,508 (37.2%) |
| Vacant Housing Units | 674 ( 7.2%) |
| Median Home Value | $410,650 |
| Average Home Value | $493,461 |
Housing Distribution
Address Breakdown
Residential
9,190
Single Family
6,961
Multi-Family
2,229
Businesses
870
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Listed by: Mary Louise Faulds • PONTE VEDRA CLUB REALTY, INC.
Mls Name: realMLS
Mls ID: #2118009