8735 3RD AvenueJacksonvilleFL32208
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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 8735 3RD Avenue, Jacksonville, FL, 32208 priced at $183,900 converts $2,386/mo rent into $1,166/mo cash flow after a $900/mo obligation. Total monthly income equals $2,386/mo, and annual cash flow totals $13,989/yr on $60,963 invested. Return on cash invested prints 42.85% in year one, and rental yield reads 15.57% against a $183,900 entry. Equity gained on principal adds $1,187/yr, while 5% annual appreciation compiles into $50,808 by year five. Five-year ROI reaches 226.49% and total cumulative return in cash sums $138,077. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,386/mo property income covering a $900/mo payment, not borrower’s personal income.
Single Family
Built in 1951
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32208, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,628 (100%) |
| Owner Occupied HU | 7,440 (50.9%) |
| Renter Occupied HU | 5,911 (40.4%) |
| Vacant Housing Units | 1,277 ( 8.7%) |
| Median Home Value | $157,957 |
| Average Home Value | $269,603 |
Housing Distribution
Address Breakdown
Residential
13,605
Single Family
12,732
Multi-Family
873
Businesses
810
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Listed by: AMANDA ENGEBRETSEN • EXP REALTY LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2028072
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.