3591 KERNAN Boulevard S #803JacksonvilleFL32224
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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 3591 KERNAN Boulevard S #803, Jacksonville, FL, 32224 generates $1,530/mo in rent and, after a $972/mo payment, leaves $212/mo in cash flow. Total monthly income is $1,530/mo, and annual cash flow is $2,547/yr on $65,803 invested. Return on cash invested sits at 23.78% in year one, and rental yield is 9.25% on a $198,500 entry. Equity gained on principal adds $1,281/yr, while 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 124.25% and total cumulative return in cash sums $81,761. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,530/mo property income rather than buyer’s personal income.
Condo
Built in 2005
435.60 sqft lot
$N/A/sqft
No 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
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Listed by: MARY WALTRIP • NEXTHOME ENDLESS SUMMER
Mls Name: realMLS
Mls ID: #2121034