861 BLACK CHERRY Drive SSaint JohnsFL32259
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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 Saint Johns at 861 BLACK CHERRY Drive S, Saint Johns, FL, 32259 offers a 9.42% rental yield on a $289,000 purchase with $2,268/mo rent. Total monthly income registers $2,268/mo, and a $1,415/mo payment leaves $65/mo available for distribution. Annual cash flow reaches $776/yr on $95,804 to close, and return on cash invested stands at 20.72% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 109.09% and total cumulative return in cash at $104,510. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,268/mo property income against a $1,415/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
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32259, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,430 (100%) |
| Owner Occupied HU | 22,707 (82.8%) |
| Renter Occupied HU | 3,208 (11.7%) |
| Vacant Housing Units | 1,515 ( 5.5%) |
| Median Home Value | $601,330 |
| Average Home Value | $676,148 |
Housing Distribution
Address Breakdown
Residential
25,528
Single Family
23,180
Multi-Family
2,348
Businesses
680
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Listed by: DINA MOEAKIOLA • REDFIN CORPORATION
Mls Name: realMLS
Mls Provider:
Mls ID: #2060089
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.