7920 MERRILL Road #1206JacksonvilleFL32277
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
Investment Highlights
Investment property for sale in Jacksonville at 7920 MERRILL Road #1206, Jacksonville, FL, 32277 offers a 9.45% rental yield on a $150,000 purchase with $1,181/mo rent. Total monthly income registers $1,181/mo, and a $734/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,229/yr on $49,725 to close, and return on cash invested stands at 24.39% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 127.46% and total cumulative return in cash at $63,378. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,181/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: EILEEN MCVEIGH • RE/MAX SPECIALISTS PV
Mls Name: realMLS
Mls ID: #2118660