400 E BAY Street #1409JacksonvilleFL32202
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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 400 E BAY Street #1409, Jacksonville, FL, 32202 generates $2,178/mo in rent and, after a $1,223/mo payment, leaves $520/mo in cash flow. Total monthly income is $2,178/mo, and annual cash flow is $6,237/yr on $82,842 invested. Return on cash invested sits at 27.44% in year one, and rental yield is 10.46% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 143.8% and total cumulative return in cash sums $119,126. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,178/mo property income rather than buyer’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: TERRY MICHELLE SCHOU • EGI REAL ESTATE
Mls Name: realMLS
Mls ID: #2116047