345 JONES RoadJacksonvilleFL32220
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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
Rental property for sale in Jacksonville at 345 JONES Road, Jacksonville, FL, 32220 offers $2,029/mo rent that, after a $1,493/mo payment, leaves $5/mo cash flow. Total monthly income is $2,029/mo, and annual cash flow is $57/yr on $101,108 cash. Return on cash invested measures 19.97% in year one, and rental yield stands at 7.98% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 103.74% and total cumulative return in cash reaches $104,890. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,029/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32220, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,770 (100%) |
| Owner Occupied HU | 4,401 (76.3%) |
| Renter Occupied HU | 942 (16.3%) |
| Vacant Housing Units | 427 ( 7.4%) |
| Median Home Value | $330,965 |
| Average Home Value | $357,993 |
Housing Distribution
Address Breakdown
Residential
5,497
Single Family
5,411
Multi-Family
86
Businesses
296
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Listed by: JENNIE E TIPTON • UNITED REAL ESTATE GALLERY
Mls Name: realMLS
Mls ID: #2124750