400 E BAY Street #610-611JacksonvilleFL32202
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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
Total monthly income runs $4,013/mo, and a $3,646/mo payment. Purchase price stands at $744,900, and rental yield measures 6.46% with $4,013/mo rent. Return on cash invested shows 15.5% in year one, and 5% annual appreciation builds toward $205,802 over five years. Five-year ROI reaches 79.78% and total cumulative return in cash records $195,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,013/mo property income covering a $3,646/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: GREG ESTERMAN • EGI REAL ESTATE
Mls Name: realMLS
Mls ID: #2104708