8880 OLD KINGS Road S #51JacksonvilleFL32257
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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 8880 OLD KINGS Road S #51, Jacksonville, FL, 32257 offers a 9.47% rental yield on a $135,000 purchase with $1,065/mo rent. Total monthly income registers $1,065/mo, and a $661/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,026/yr on $44,753 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 127.72% and total cumulative return in cash at $57,157. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,065/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: LEAH MAIESKI • REALTY ONE GROUP ELEVATE
Mls Name: realMLS
Mls ID: #2107344