5813 RIDGEWAY Road EJacksonvilleFL32244
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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 5813 RIDGEWAY Road E, Jacksonville, FL, 32244 offers a 10.33% rental yield on a $205,000 purchase with $1,765/mo rent. Total monthly income registers $1,765/mo, and a $1,003/mo payment leaves $405/mo available for distribution. Annual cash flow reaches $4,860/yr on $67,958 to close, and return on cash invested stands at 27.06% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 141.77% and total cumulative return in cash at $96,342. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,765/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32244, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,687 (100%) |
| Owner Occupied HU | 14,863 (53.7%) |
| Renter Occupied HU | 11,246 (40.6%) |
| Vacant Housing Units | 1,578 ( 5.7%) |
| Median Home Value | $270,032 |
| Average Home Value | $294,320 |
Housing Distribution
Address Breakdown
Residential
26,480
Single Family
22,274
Multi-Family
4,206
Businesses
646
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Listed by: SAMIKA WALKER • CHENINGHAM REALTY LLC
Mls Name: realMLS
Mls ID: #2108625