589 BAY RIDGE RoadJacksonvilleFL32216
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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 589 BAY RIDGE Road, Jacksonville, FL, 32216 at $343,900 posts ROI 21.98% with $197/mo cash flow from $2,479/mo rent. Total monthly income equals $2,479/mo, and annual cash flow records $2,364/yr on $114,003 to close. Return on cash invested measures 21.98% and rental yield reads 8.65% at the current $343,900. Equity gained on principal adds $2,219/yr, and 5% annual appreciation supports $95,013 by year five. Five-year ROI prints 114.6% and total cumulative return in cash totals $130,651.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,479/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32216, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,501 (100%) |
| Owner Occupied HU | 9,101 (46.7%) |
| Renter Occupied HU | 8,864 (45.5%) |
| Vacant Housing Units | 1,536 ( 7.9%) |
| Median Home Value | $329,890 |
| Average Home Value | $364,255 |
Housing Distribution
Address Breakdown
Residential
19,382
Single Family
12,153
Multi-Family
7,229
Businesses
2,236
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Listed by: FRED DURLACHER • ALL REAL ESTATE OPTIONS INC
Mls Name: realMLS
Mls ID: #2112526