400 E BAY Street #504JacksonvilleFL32202
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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 #504, Jacksonville, FL, 32202 listed at $299,900 pairs $2,765/mo rent with a $1,468/mo payment to leave $775/mo cash flow. Total monthly income runs $2,765/mo, and annual cash flow reaches $9,296/yr on $99,417 cash to close. Return on cash invested measures 29.26% in year one, and rental yield registers 11.06% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 153.59% and total cumulative return in cash totals $152,692. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,765/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: #2122301