8985 Normandy Blvd LOT 244JacksonvilleFL32221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8985 Normandy Blvd LOT 244, Jacksonville, FL, 32221 listed at $119,900 pairs $917/mo rent with a $587/mo payment to leave $121/mo cash flow. Total monthly income runs $917/mo, and annual cash flow reaches $1,454/yr on $39,747 cash to close. Return on cash invested measures 23.57% in year one, and rental yield registers 9.18% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 123.15% and total cumulative return in cash totals $48,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $917/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32221, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,634 (100%) |
| Owner Occupied HU | 9,455 (69.3%) |
| Renter Occupied HU | 3,254 (23.9%) |
| Vacant Housing Units | 925 ( 6.8%) |
| Median Home Value | $343,695 |
| Average Home Value | $348,316 |
Housing Distribution
Address Breakdown
Residential
12,809
Single Family
12,275
Multi-Family
534
Businesses
379
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tina Fortenberry • Normandy Estates
Mls Name: My State MLS
Mls ID: #11453947