Jacksonville Florida Investment Property

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 Blueberry Lane, Jacksonville, 32211  [JAX]
4 Photos
Home for sale: Blueberry Lane, Jacksonville, FL
   
Purchase Price: $123,400 Rental Income: $1,145
Bedrooms: 4 Property Tax: $163
Bathrooms: 2 Insurance/HOA: $78
Size: (sq ft) 1,868  Property Mgmt: $92
Price/Sq foot:  $66 Cash Flow: (Raw) $812
Year Built: 1955 Cap Rate: 7.9%
Parking: 1 Att Rent/Value Ratio: 0.9%
Neighborhood: B– DealGrader™: 7.4
Turnkey property recently updated.  Tenant occupied and cash flowing!
 LeBrun Dr, Jacksonville, 32205  [JAX]
7 Photos
Home for sale: LeBrun Dr, Jacksonville, FL
   
Purchase Price: $114,000 Rental Income: $945
Bedrooms: 3 Property Tax: $86
Bathrooms: 2 Insurance/HOA: $50
Size: (sq ft) 1,210  Property Mgmt: $76
Price/Sq foot:  $94 Cash Flow: (Raw) $733
Year Built: 1956 Cap Rate: 7.7%
Parking: Carport Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.3
Great property in a great neighborhood.  This home has been rehabbed and is currently rented on a 1 year lease. Seller to provide a current inspection report to the buyer before closing.
 Trout River Bluff (Pre-Construction), Jacksonville, 32218  [JAX]
2 Photos
Home for sale: Trout River Bluff (Pre-Construction), Jacksonville, FL
   
Purchase Price: $161,900 Rental Income: $1,350
Bedrooms: 4 Property Tax: $225
Bathrooms: 2 Insurance/HOA: $54
Size: (sq ft) 1,648  Property Mgmt: $135
Price/Sq foot:  $98 Cash Flow: (Raw) $936
Year Built: 2018 Cap Rate: 6.9%
Parking: 2 Att Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.2
Pre-construction!  This 4 bedroom 2 bath home is located in a very desirable neighborhood on the north side of Jacksonville.  Standard features include SS appliances, granite and vinyl plank floors.  
 Trout River Bluff (Pre-Construction), Jacksonville, 32218  [JAX]
2 Photos
Home for sale: Trout River Bluff (Pre-Construction), Jacksonville, FL
   
Purchase Price: $164,900 Rental Income: $1,325
Bedrooms: 4 Property Tax: $216
Bathrooms: 2 Insurance/HOA: $54
Size: (sq ft) 1,526  Property Mgmt: $133
Price/Sq foot:  $108 Cash Flow: (Raw) $923
Year Built: 2018 Cap Rate: 6.7%
Parking: 2 Att Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.2
Pre-construction!  This 4 bedroom, 2 bath home with 2 car garage is located in a very desirable neighborhood on the north side of Jacksonville.  Standard features include SS appliances, granite and vinyl plank floors throughout!  State mandated builder warranty is in place.
 Trout River Bluff (Pre-Construction), Jacksonville, 32218  [JAX]
2 Photos
Home for sale: Trout River Bluff (Pre-Construction), Jacksonville, FL
   
Purchase Price: $177,900 Rental Income: $1,375
Bedrooms: 4 Property Tax: $233
Bathrooms: 2 Insurance/HOA: $54
Size: (sq ft) 1,760  Property Mgmt: $138
Price/Sq foot:  $101 Cash Flow: (Raw) $951
Year Built: 2018 Cap Rate: 6.4%
Parking: 2 Att Rent/Value Ratio: 0.8%
Neighborhood: B DealGrader™: 7.2
Pre-construction!  This large 4 bedroom, 2 bath home is located in a very desirable neighborhood on the north side of Jacksonville.  Standard features include SS appliances, granite in both kitchen and baths, vinyl plank floors throughout. 
 Jade Drive North, Jacksonville, 32210  [JAX]
Home for sale: Jade Drive North, Jacksonville, FL
   
Purchase Price: $113,800 Rental Income: $995
Bedrooms: 5 Property Tax: $111
Bathrooms: 2 Insurance/HOA: $63
Size: (sq ft) 1,508  Property Mgmt: $80
Price/Sq foot:  $75 Cash Flow: (Raw) $741
Year Built: 1972 Cap Rate: 7.8%
Parking: Street Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 8.4
This 5 bedroom, 2 bath, Block home is located in a very desirable neighborhood on the westside of Jacksonville. Great property in a great neighborhood! Property Management in Place. Excellent staff will keep your rental home in good condition while ensuring a profitable investment. 1-Year Home Warranty Provided.

More Properties Coming Soon!

POPULATION GROWTH

  • In 2013, Forbes Magazine tabbed Jacksonville as having the second-fastest growing tech services base in the country, which means Jacksonville was ahead of San Francisco, Raleigh, and Chicago amongst others.
  • One national real estate expert (Greg Rand) predicts the population of Jacksonville to increase by 50% over the next 10 years because of the job growth that would be created from the newly apprved port expansion (JAXPORT).
  • Forecasted population growth for 2014 is 2.96% (CLRSearch).

JOB GROWTH

  • Employment in February 2014 for Jacksonville is at a new high of 667,970 (Census' Current Population Survey).
  • In the last six years, hundreds of early-stage businesses have sprouted In Jacksonville or have relocated from other states.
  • Ranked #6 on the Forbes Best Cities For Tech Jobs.

ECONOMY

  • Much of the city's nascent startup activity, largely in tech, health care, and consumer products, is driven by these private-sector efforts.
  • Home to seven major universities.
  • The city is revitalizing the downtown area and developing more incubators where entrepreneurs can collaborate.

TAXES / COST OF LIVING

  • No personal state income tax.
  • Maximum state and city sales tax of 7.00%.

MISCELLANEOUS

  • Jacksonville is the leading transportation and distribution hub in the state.
  • Jacksonville is the largest city in the continental United States with over 840 square miles.
  • The military employs over 30,000 active-duty personnel and nearly 20,000 civilians in the Jacksonville area.
  • In 2000, Jacksonville was selected as the site for Super Bowl XXXIX in 2005.
  • Jacksonville was named one of the top five "Up and Coming" cities in America by Good Morning America in 2006.

Overview


Jacksonville is a very large coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 840,660 people and 162 constituent neighborhoods, Jacksonville is the largest community in Florida.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Jacksonville is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Jacksonville is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Jacksonville who work in office and administrative support (17.66%), sales jobs (11.63%) and management occupations (9.20%).

Also of interest is that Jacksonville has more people living here who work in computers and math than 95% of the places in the US.

Jacksonville is a popular destination for single career-starters. One thing that you will notice when you are out and about town is that there is a large population of people who are young, single, educated, and upwardly-mobile career starters out at restaurants, listening to live music, and enjoying other activities. They are a real visible part of the culture of Jacksonville. This makes Jacksonville a good place to live for young professionals. With so many people in this demographic, Jacksonville presents many opportunities for single professionals to enjoy themselves, socialize, and to create lasting relationships.

One of the nice things about Jacksonville is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.

One important feature of Jacksonville is that it is one of the most car-oriented large cities in the country. In fact, 84.30% of people commute to and from work every day by private automobile, eschewing alternative forms of transportation, which are not widely available in Jacksonville anyway. So, if you like to drive, Jacksonville is the city for you! The landscape around Jacksonville reflects this: wide streets, parking lots, plenty of highways, malls, and shopping centers are what you'll find.

Jacksonville Information and Demographics

The education level of Jacksonville citizens is a little higher than the average for US cities and towns: 24.70% of adults in Jacksonville have at least a bachelor's degree.

The per capita income in Jacksonville in 2010 was $25,433, which is middle income relative to Florida, and upper middle income relative to the rest of the US. This equates to an annual income of $101,732 for a family of four. However, Jacksonville contains both very wealthy and poor people as well.

Jacksonville is an extremely ethnically-diverse city. The people who call Jacksonville home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Jacksonville residents report their race to be White, followed by Black or African-American. Important ancestries of people in Jacksonville include German, Irish, English and Italian.

The most common language spoken in Jacksonville is English. Some people also speak Spanish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Jacksonville, FL  (MSA)
5.8% 10.4% 16.1% 22.9%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Jacksonville, FL
Market Inventory Trends — Jacksonville, FL
Average Days on Market — Jacksonville, FL
Market Action Index — Jacksonville, FL

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Jacksonville, FL
337,306 113,459 35 22 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Jacksonville, FL
Unemployment Rate Trends - Jacksonville, Florida
            Jacksonville, Florida, National.   (Recessions shown as gray bars.)
Total Employment Trends — Jacksonville, FL
Total Employment - Jacksonville, Florida
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Jacksonville, FL
Real Median Household Income Trends - Jacksonville, Florida
            Jacksonville, Florida, National.
Home Rent-to-Mortgage Payment Ratio — Jacksonville, FL
Home Rent-to-Mortgage Payment Ratio - Jacksonville, Florida

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Jacksonville was 1.05 in December 2013.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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