400 E BAY Street #1705JacksonvilleFL32202
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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 Street #1705, Jacksonville, FL, 32202 offers a 11.61% rental yield on a $319,000 purchase with $3,086/mo rent. Total monthly income registers $3,086/mo, and a $1,561/mo payment leaves $969/mo available for distribution. Annual cash flow reaches $11,633/yr on $105,749 to close, and return on cash invested stands at 30.91% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 162.44% and total cumulative return in cash at $171,781. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,086/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
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: Joshua Flamm • FLORIDA HOMES REALTY & MTG LLC
Mls Name: realMLS
Mls ID: #2101233