400 E Bay St SUITE 401JacksonvilleFL32202
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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 400 E Bay St SUITE 401, Jacksonville, FL, 32202 uses $62,654 cash to close to unlock $3,970/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $1,585/mo, and a $925/mo payment keeps the spread at $331/mo. Purchase price stands at $189,000, and rental yield measures 10.06% with $1,585/mo rent. Return on cash invested shows 26.25% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 137.4% and total cumulative return in cash records $86,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,585/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32202, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,142 (100%) |
| Owner Occupied HU | 249 (11.6%) |
| Renter Occupied HU | 1,584 (73.9%) |
| Vacant Housing Units | 309 (14.4%) |
| Median Home Value | $361,429 |
| Average Home Value | $411,195 |
Housing Distribution
Address Breakdown
Residential
3,023
Single Family
481
Multi-Family
2,542
Businesses
1,023
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Listed by: Brandon Gill • KELLER WILLIAMS SOUTHEASTERN PARTNERS
Mls Name: AINCAR
Mls ID: #112695