7626 LAS PALMAS Way UNIT 161JacksonvilleFL32256
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 7626 LAS PALMAS Way UNIT 161, Jacksonville, FL, 32256 in Jacksonville speaks for itself: 22.7% gross on a $220,000 price, generating $4,162/mo in rent and $2,069/mo in net income after the $989/mo debt service. DSCR 4.21, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $24,824 stacks alongside $60,782 in projected five-year appreciation and $2,026/yr in principal reduction. Projected total cumulative return: $219,758.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 22.7% | 6.2% |
| Monthly Cash Flow | $2,069 | $450 |
City averages based on Jacksonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,162 |
| Total Monthly Debt Service | $2,005 |
| DSCR Ratio | 2.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
1,742 sqft lot
$N/A/sqft
$633 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1973
1,742 sqft lot
$N/A/sqft
$633 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices