3655 N RIDE DriveJacksonvilleFL32223
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
Rental property for sale in Jacksonville at 3655 N RIDE Drive, Jacksonville, FL, 32223 priced at $354,900 converts $3,595/mo rent into $1,240/mo cash flow after a $1,737/mo obligation. Total monthly income equals $3,595/mo, and annual cash flow totals $14,879/yr on $117,649 invested. Return on cash invested prints 32.56% in year one, and rental yield reads 12.16% against a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation compiles into $98,052 by year five. Five-year ROI reaches 171.24% and total cumulative return in cash sums $201,460. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,595/mo property income covering a $1,737/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32223, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,977 (100%) |
| Owner Occupied HU | 8,566 (78.0%) |
| Renter Occupied HU | 2,020 (18.4%) |
| Vacant Housing Units | 391 ( 3.6%) |
| Median Home Value | $431,238 |
| Average Home Value | $501,000 |
Housing Distribution
Address Breakdown
Residential
11,092
Single Family
9,893
Multi-Family
1,199
Businesses
650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ROBERT E JONES • OFFERPAD BROKERAGE FL LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2044859
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.