5861 MICHIGAN AvenueJacksonvilleFL32211
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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 5861 MICHIGAN Avenue, Jacksonville, FL, 32211 listed at $269,000 pairs $1,656/mo rent with a $1,317/mo payment. Total monthly income runs $1,656/mo. Return on cash invested measures 18.17% in year one, and rental yield registers 7.39% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 94.1% and total cumulative return in cash totals $83,915. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,656/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32211, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,966 (100%) |
| Owner Occupied HU | 7,394 (46.3%) |
| Renter Occupied HU | 7,213 (45.2%) |
| Vacant Housing Units | 1,359 ( 8.5%) |
| Median Home Value | $244,330 |
| Average Home Value | $327,935 |
Housing Distribution
Address Breakdown
Residential
14,582
Single Family
12,729
Multi-Family
1,853
Businesses
1,022
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Listed by: JOSHUA KEENAN • MOMENTUM REALTY
Mls Name: realMLS
Mls ID: #2102278