8880 OLD KINGS Road S #115JacksonvilleFL32257
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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 8880 OLD KINGS Road S #115, Jacksonville, FL, 32257 generates $1,181/mo in rent and, after a $759/mo payment, leaves $152/mo in cash flow. Total monthly income is $1,181/mo, and annual cash flow is $1,824/yr on $51,383 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 9.14% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 122.55% and total cumulative return in cash sums $62,968. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,181/mo property income rather than buyer’s personal income.
Condo
Built in 1974
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32257, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,514 (100%) |
| Owner Occupied HU | 10,887 (58.8%) |
| Renter Occupied HU | 6,731 (36.4%) |
| Vacant Housing Units | 896 ( 4.8%) |
| Median Home Value | $361,351 |
| Average Home Value | $408,813 |
Housing Distribution
Address Breakdown
Residential
17,957
Single Family
13,684
Multi-Family
4,273
Businesses
1,422
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Listed by: DAVID COOL • COOL REALTY LLC
Mls Name: realMLS
Mls ID: #2099651