6700 BOWDEN Road #403JacksonvilleFL32216
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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 6700 BOWDEN Road #403, Jacksonville, FL, 32216 offers a 8.35% rental yield on a $208,000 purchase with $1,447/mo rent. Total monthly income registers $1,447/mo, and a $1,018/mo payment leaves $67/mo available for distribution. Annual cash flow reaches $801/yr on $68,952 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $1,342/yr while 5% annual appreciation supports $57,467 over five years. Portfolio math shows five-year ROI at 109.66% and total cumulative return in cash at $75,612. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,447/mo property income against a $1,018/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A 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: WINDY KEENE • ROUND TABLE REALTY
Mls Name: realMLS
Mls ID: #2117233