7778 Melvin RdJacksonvilleFL32210
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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 7778 Melvin Rd, Jacksonville, FL, 32210 uses $53,040 cash to close to unlock $5,860/yr annual cash flow and $488/mo monthly cash flow. Total monthly income runs $1,550/mo, and a $783/mo payment keeps the spread at $488/mo. Purchase price stands at $160,000, and rental yield measures 11.63% with $1,550/mo rent. Return on cash invested shows 30.96% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 162.74% and total cumulative return in cash records $86,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,550/mo property income covering a $783/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
2,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32210, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,079 (100%) |
| Owner Occupied HU | 14,620 (52.1%) |
| Renter Occupied HU | 11,233 (40.0%) |
| Vacant Housing Units | 2,226 ( 7.9%) |
| Median Home Value | $277,331 |
| Average Home Value | $365,520 |
Housing Distribution
Address Breakdown
Residential
28,002
Single Family
25,146
Multi-Family
2,856
Businesses
1,653
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Listed by: Vyacheslav Cheban • ADVANTAGE REALTY & MANAGEMENT
Mls Name: Stellar MLS
Mls ID: #FC315305