3024 KLINE RoadJacksonvilleFL32246
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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 3024 KLINE Road, Jacksonville, FL, 32246 uses $91,163 cash to close to unlock $5,028/yr annual cash flow and $419/mo monthly cash flow. Total monthly income runs $2,244/mo, and a $1,346/mo payment keeps the spread at $419/mo. Purchase price stands at $275,000, and rental yield measures 9.79% with $2,244/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 133.07% and total cumulative return in cash records $121,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,244/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32246, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,240 (100%) |
| Owner Occupied HU | 13,631 (50.0%) |
| Renter Occupied HU | 11,522 (42.3%) |
| Vacant Housing Units | 2,087 ( 7.7%) |
| Median Home Value | $362,760 |
| Average Home Value | $403,295 |
Housing Distribution
Address Breakdown
Residential
25,306
Single Family
18,270
Multi-Family
7,036
Businesses
1,213
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Listed by: SAMANTHA MORTON • REAL BROKER LLC
Mls Name: realMLS
Mls ID: #2109029