963 OBSERVATORY ParkwayJacksonvilleFL32218
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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 963 OBSERVATORY Parkway, Jacksonville, FL, 32218 priced at $247,000 pairs $2,003/mo rent with $364/mo cash flow after a $1,209/mo payment. Total monthly income equals $2,003/mo, and annual cash flow comes to $4,366/yr on $81,881 invested. Return on cash invested is 25.24% in year one, and rental yield stands at 9.73% on a $247,000 basis. Equity gained on principal adds $1,594/yr, and 5% annual appreciation accumulates to $68,242 by year five. Five-year ROI measures 132.02% and total cumulative return in cash reaches $108,100. For financing, Ziffy Mortgage’s DSCR program evaluates $2,003/mo property income against a $1,209/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2022
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32218, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,698 (100%) |
| Owner Occupied HU | 19,178 (60.5%) |
| Renter Occupied HU | 10,177 (32.1%) |
| Vacant Housing Units | 2,343 ( 7.4%) |
| Median Home Value | $324,304 |
| Average Home Value | $349,279 |
Housing Distribution
Address Breakdown
Residential
30,067
Single Family
26,020
Multi-Family
4,047
Businesses
1,464
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Listed by: WANDA BRANSON • UNITED REAL ESTATE GALLERY
Mls Name: realMLS
Mls ID: #2041403