8300 PLAZA GATE Lane #1242JacksonvilleFL32217
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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 8300 PLAZA GATE Lane #1242, Jacksonville, FL, 32217 offers a 9.01% rental yield on a $155,000 purchase with $1,164/mo rent. Total monthly income registers $1,164/mo, and a $759/mo payment leaves $135/mo available for distribution. Annual cash flow reaches $1,620/yr on $51,383 to close, and return on cash invested stands at 23.06% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 120.47% and total cumulative return in cash at $61,900. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,164/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32217, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,419 (100%) |
| Owner Occupied HU | 5,237 (55.6%) |
| Renter Occupied HU | 3,508 (37.2%) |
| Vacant Housing Units | 674 ( 7.2%) |
| Median Home Value | $410,650 |
| Average Home Value | $493,461 |
Housing Distribution
Address Breakdown
Residential
9,190
Single Family
6,961
Multi-Family
2,229
Businesses
870
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Listed by: AEDAN ALEXANDER DOWNEY • UNITED REAL ESTATE GALLERY
Mls Name: realMLS
Mls ID: #2124396