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14
Values Up 3%, Rent Climbs to $2,275
Updated 8 days ago • 7 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with expected monthly income ranging from 1,740 to 1,979 dollars. This range reflects current market demand for three-bedroom condos in the 32256 area, offering solid cash flow stability. With a compelling rental yield of 11.74 percent, this investment stands out as a high-performing asset. Investors can expect attractive returns compared to similar units, making this a smart, income-generating addition to any real estate portfolio.
More about this home
Neighborhood Assessment
Las Palmas in Baymeadows looks like a practical, value-driven condo pocket with decent access to Jacksonville’s job centers, shopping, and the St. Johns Town Center corridor. The neighborhood has some upside from convenience and comparable units trading in the $140K-$180K range, but this is an older 1970s condo community, so resale depends a lot on condition and HOA stability.
Market Activity
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Rental Income
$22K
Yield
11.7%
Year 1 Estimates
Fix-and-Flip
Updating your home creates a fresh, modern aesthetic that resonates with today’s buyers. While current market trends show a price per square foot of roughly 130 dollars versus 144 dollars, personalizing your space often improves daily enjoyment. This path boosts rental appeal, with median potential rising to 2,275 dollars monthly. While immediate resale returns may vary, focus on high-quality finishes to create a standout property that captures attention and elevates your long-term investment experience.
Comps
12
Buy-Rehab-Rent
This property offers a promising ARV between $180,000 and $199,000. With a solid rent potential reaching $2,275 monthly, the projected 14.4% yield suggests a highly attractive cash-flow opportunity for investors focused on long-term rental performance. While the flip potential appears limited, the BRR strategy excels here due to strong rental demand. Investors should prioritize efficient renovations to maximize this yield, ensuring the total acquisition and rehab costs stay well below market value.
Rental Income
$27K
Yield
14.4%
Year 1 Estimates, Post Typical Renovation
Asking price
$190K
$6.5K over comp median
Comparative Market Analysis
$150K – $196K
~25 days to sell
Based on 8 comps
7647 LAS PALMAS Way #224, Jacksonville Investment Report: Flip & Rental Analysis · Frontflip