3591 KERNAN Boulevard S UNIT 513JacksonvilleFL32224
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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 3591 KERNAN Boulevard S UNIT 513, Jacksonville, FL, 32224 uses $66,267 cash to close to unlock $8,275/yr annual cash flow and $690/mo monthly cash flow. Total monthly income runs $2,651/mo, and a $978/mo payment keeps the spread at $690/mo. Purchase price stands at $199,900, and rental yield measures 15.91% with $2,651/mo rent. Return on cash invested shows 32.4% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 174.59% and total cumulative return in cash records $115,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,651/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 2005
435.60 sqft lot
$N/A/sqft
$474 monthly 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: GARY DENMAN • BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Mls Name: realMLS
Mls Provider:
Mls ID: #2015720
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.