3737 LORETTO Road UNIT 607JacksonvilleFL32223
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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 3737 LORETTO Road UNIT 607, Jacksonville, FL, 32223 uses $57,681 cash to close to unlock $2,628/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,727/mo, and a $852/mo payment keeps the spread at $219/mo. Purchase price stands at $174,000, and rental yield measures 11.91% with $1,727/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $48,073 over five years. Five-year ROI reaches 130.62% and total cumulative return in cash records $75,341. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,727/mo property income covering a $852/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$291 monthly 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
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Listed by: NICOLE SHERMAN • RE/MAX SPECIALISTS
Mls Name: realMLS
Mls Provider:
Mls ID: #2060704
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.