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$179,000

For Sale - Active
1831 Lake Shore Blvd, Jacksonville, FL 32210
2 Beds
1 Bath
822 Square Feet
0.17 Acres Lot
Built in 1951
For Sale - Active
1 Units
Checked: 18 hours ago
Updated: May 29, 2025 at 02:32PM

Investment Summary


Monthly Cash Flow
-$146
Cap Rate
5.2%
Cash-on-Cash Return
-4.3%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
-0.1%

Property Description


0.17 Acres Lot
Built in 1951
For Sale - Active
1 Units

Welcome to this cozy 2-bedroom, 1-bath gem in the heart of Lake Shore! Perfect for first-time homebuyers or savvy investors, this home offers a blend of classic charm and modern updates. Recent Upgrades Include: New Roof (2021) Updated HVAC System (2021) Modernized Electrical Panel (2021) Enjoy the peace of mind that comes with these major updates, ensuring a worry-free lifestyle for years to come. Inside, you'll find a functional layout with natural light filling every room. The large backyard offers endless possibilities for outdoor living, gardening, or entertaining. Conveniently located just minutes from parks, schools, shopping, and dining, this home combines comfort with accessibility. Whether you're starting out or adding to your investment portfolio, this is an opportunity you won't want to miss! Make your appointment Today!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Attached, Attached Carport, Carport, Covered
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Roof Type: Gable or Hip

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0683620000
  • Lot Size: 7405 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1951

Tax Information

  • Annual Tax: $2,337

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air, Electric

Location

  • County: Duval

Listing Details


Listed by:
LEANA PRATTIS
EMERALD REALTY PARTNERS CORP
(904) 300-6135

Source:
realMLS (Northeast Florida Multiple Listing Service)
MLS#: 2089917
realMLS (Northeast Florida Multiple Listing Service)

Investment Summary


Monthly Cash Flow
-$146
Cap Rate
5.2%
Cash-on-Cash Return
-4.3%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
-0.1%

Purchase Details

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Purchase price:
$179,000
Amount financed:
-$143,200
Down payment:
$35,800
Closing costs:
$5,370
Rehab costs:
$0
Initial cash invested:
$41,170
Square feet:
822
Cost per square foot:
$218
Monthly rent per square foot:
$1.70

Financing Details

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Loan amount:
$143,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$917
Property tax:
$195
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,210

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$195-$2,338
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$545-$6,538

Cash Flow


Monthly Yearly
Net operating income:
$771 $9,252
Mortgage payments:
-$917 -$11,004
Cash flow:
$146 $1,752