2959 COVENANT COVE DriveJacksonvilleFL32224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2959 COVENANT COVE Drive, Jacksonville, FL, 32224 uses $150,468 cash to close to unlock $14,549/yr annual cash flow and $1,212/mo monthly cash flow. Total monthly income runs $4,452/mo, and a $2,222/mo payment keeps the spread at $1,212/mo. Purchase price stands at $453,900, and rental yield measures 11.77% with $4,452/mo rent. Return on cash invested shows 29.58% in year one, and 5% annual appreciation builds toward $125,404 over five years. Five-year ROI reaches 155.95% and total cumulative return in cash records $234,654. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,452/mo property income covering a $2,222/mo payment rather than investor’s personal income.
Single Family
Built in 2011
7,405 sqft lot
$N/A/sqft
$460 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SHANKAR THAYVER • THE THAYVER GROUP
Mls Name: realMLS
Mls Provider:
Mls ID: #2039341
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. Data is deemed reliable but is not guaranteed accurate by realMLS.