7920 Merrill Rd UNIT 1812JacksonvilleFL32277
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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 7920 Merrill Rd UNIT 1812, Jacksonville, FL, 32277 generates $1,624/mo in rent and, after a $711/mo payment, leaves $549/mo in cash flow. Total monthly income is $1,624/mo, and annual cash flow is $6,585/yr on $48,134 invested. Return on cash invested sits at 33.59% in year one, and rental yield is 13.42% on a $145,200 entry. Equity gained on principal adds $937/yr, while 5% annual appreciation builds toward $40,116 over five years. Five-year ROI reaches 177.85% and total cumulative return in cash sums $85,607. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,624/mo property income rather than buyer’s personal income.
Apartment
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32277, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,898 (100%) |
| Owner Occupied HU | 6,793 (52.7%) |
| Renter Occupied HU | 5,299 (41.1%) |
| Vacant Housing Units | 806 ( 6.2%) |
| Median Home Value | $309,038 |
| Average Home Value | $390,332 |
Housing Distribution
Address Breakdown
Residential
12,973
Single Family
11,915
Multi-Family
1,058
Businesses
295
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A