411 1ST Street S #202Jacksonville BeachFL32250
INVESTMENT ANALYSIS
Investment Verdict
Solid Income411 1ST Street S #202, Jacksonville Beach, FL, 32250 in Jacksonville Beach carries a 1.62 coverage ratio, rent of $4,002/mo is 1.62 times the $2,466/mo payment. Rental yield 8.76%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $548,500 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $151,540; total projected cumulative return: $232,373.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $(688) | $300 |
City averages based on Jacksonville Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,002 |
| Total Monthly Debt Service | $3,422 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32250, Jacksonville Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,941 (100%) |
| Owner Occupied HU | 9,538 (59.8%) |
| Renter Occupied HU | 4,985 (31.3%) |
| Vacant Housing Units | 1,418 ( 8.9%) |
| Median Home Value | $544,909 |
| Average Home Value | $603,347 |
Housing Distribution
Address Breakdown
Residential
14,794
Single Family
10,224
Multi-Family
4,570
Businesses
1,506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1984
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32250, Jacksonville Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,941 (100%) |
| Owner Occupied HU | 9,538 (59.8%) |
| Renter Occupied HU | 4,985 (31.3%) |
| Vacant Housing Units | 1,418 ( 8.9%) |
| Median Home Value | $544,909 |
| Average Home Value | $603,347 |
Housing Distribution
Address Breakdown
Residential
14,794
Single Family
10,224
Multi-Family
4,570
Businesses
1,506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DAVID GATTO • WATSON REALTY CORP
Mls Name: realMLS
Mls ID: #2131030