7190 CYPRESS COVE Road #20JacksonvilleFL32244
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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 7190 CYPRESS COVE Road #20, Jacksonville, FL, 32244 uses $42,432 cash to close to unlock $15,001/yr annual cash flow and $1,250/mo monthly cash flow. Total monthly income runs $2,099/mo, and a $627/mo payment keeps the spread at $1,250/mo. Purchase price stands at $128,000, and rental yield measures 19.68% with $2,099/mo rent. Return on cash invested shows 55.26% in year one, and 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 293.13% and total cumulative return in cash records $124,379. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,099/mo property income covering a $627/mo payment rather than investor’s personal income.
Condo
Built in 1976
435.60 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: MICHAEL PECHACEK II • MARK SPAIN REAL ESTATE
Mls Name: realMLS
Mls Provider:
Mls ID: #2039651