7620 BAYMEADOWS Circle W #2242JacksonvilleFL32256
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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
Rental property for sale in Jacksonville at 7620 BAYMEADOWS Circle W #2242, Jacksonville, FL, 32256 generates $913/mo in rent and, after a $582/mo payment, leaves $124/mo in cash flow. Total monthly income is $913/mo, and annual cash flow is $1,485/yr on $39,449 invested. Return on cash invested sits at 23.67% in year one, and rental yield is 9.21% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 123.64% and total cumulative return in cash sums $48,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $913/mo property income rather than buyer’s personal income.
Condo
Built in 1984
435.60 sqft lot
$N/A/sqft
No 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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Listed by: KEVIN PEPPERALL • FLORIDA HOMES REALTY & MTG LLC
Mls Name: realMLS
Mls ID: #2120236