8290 W GATE Parkway UNIT 220JacksonvilleFL32216
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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 8290 W GATE Parkway UNIT 220, Jacksonville, FL, 32216 generates $1,747/mo in rent, after a $1,043/mo payment. Total monthly income is $1,747/mo. Return on cash invested sits at 19.47% in year one, and rental yield is 9.84% on a $212,999 entry. Equity gained on principal adds $1,374/yr, while 5% annual appreciation builds toward $58,848 over five years. Five-year ROI reaches 103.26% and total cumulative return in cash sums $72,909. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,747/mo property income rather than buyer’s personal income.
Condo
Built in 2005
435.60 sqft lot
$N/A/sqft
$297 monthly 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: DARON L HILL • KELLER WILLIAMS JACKSONVILLE
Mls Name: realMLS
Mls Provider:
Mls ID: #2044165
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by realMLS.