8290 GATE Parkway #123JacksonvilleFL32216
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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 8290 GATE Parkway #123, Jacksonville, FL, 32216 offers a 10.65% rental yield on a $180,000 purchase with $1,597/mo rent. Total monthly income registers $1,597/mo, and a $881/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,830/yr on $59,670 to close, and return on cash invested stands at 28% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 146.9% and total cumulative return in cash at $87,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,597/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32216, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,501 (100%) |
| Owner Occupied HU | 9,101 (46.7%) |
| Renter Occupied HU | 8,864 (45.5%) |
| Vacant Housing Units | 1,536 ( 7.9%) |
| Median Home Value | $329,890 |
| Average Home Value | $364,255 |
Housing Distribution
Address Breakdown
Residential
19,382
Single Family
12,153
Multi-Family
7,229
Businesses
2,236
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Listed by: SHAWN ONEILL • JPAR CITY AND BEACH
Mls Name: realMLS
Mls ID: #2122758