7508 Covewood DrJacksonvilleFL32256
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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 7508 Covewood Dr, Jacksonville, FL, 32256 offers a 15.3% rental yield on a $130,000 purchase with $1,657/mo rent. Total monthly income registers $1,657/mo, and a $636/mo payment leaves $755/mo available for distribution. Annual cash flow reaches $9,055/yr on $43,095 to close, and return on cash invested stands at 40.92% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 216.53% and total cumulative return in cash at $93,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,657/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
4,936 sqft lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32256, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,680 (100%) |
| Owner Occupied HU | 13,224 (36.1%) |
| Renter Occupied HU | 19,089 (52.0%) |
| Vacant Housing Units | 4,367 (11.9%) |
| Median Home Value | $447,321 |
| Average Home Value | $490,485 |
Housing Distribution
Address Breakdown
Residential
32,269
Single Family
16,175
Multi-Family
16,094
Businesses
2,805
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