431 W 62nd StJacksonvilleFL32208
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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 431 W 62nd St, Jacksonville, FL, 32208 uses $39,780 cash to close to unlock $1,546/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $935/mo, and a $587/mo payment keeps the spread at $129/mo. Purchase price stands at $120,000, and rental yield measures 9.35% with $935/mo rent. Return on cash invested shows 23.79% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 124.42% and total cumulative return in cash records $49,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $935/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1949
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32208, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,628 (100%) |
| Owner Occupied HU | 7,440 (50.9%) |
| Renter Occupied HU | 5,911 (40.4%) |
| Vacant Housing Units | 1,277 ( 8.7%) |
| Median Home Value | $157,957 |
| Average Home Value | $269,603 |
Housing Distribution
Address Breakdown
Residential
13,605
Single Family
12,732
Multi-Family
873
Businesses
810
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Listed by: Jen Solomon • WATSON REALTY CORP.
Mls Name: AINCAR
Mls Provider:
Mls ID: #112706
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.