3817 MICHAELS LANDING Circle EJacksonvilleFL32224
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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 3817 MICHAELS LANDING Circle E, Jacksonville, FL, 32224 generates $4,517/mo in rent, after a $4,160/mo payment. Total monthly income is $4,517/mo. Return on cash invested sits at 15.24% in year one, and rental yield is 6.38% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 78.36% and total cumulative return in cash sums $219,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,517/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.43 Acres 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: JOHN RICHARDSON • WATSON REALTY CORP
Mls Name: realMLS
Mls ID: #2109581