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$301,000

For Sale - Active
6827 Morse Oaks Dr, Jacksonville, FL 32244
4 Beds
2 Baths
1,827 Square Feet
0.11 Acres Lot
Built in 2006
For Sale - Active
1 Units
Checked: 4 hours ago
Updated: Jun 17, 2025 at 03:01AM

Investment Summary


Monthly Cash Flow
-$571
Cap Rate
3.9%
Cash-on-Cash Return
-9.9%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.6%

Property Description


0.11 Acres Lot
Built in 2006
For Sale - Active
1 Units

You'll be enamored by the brick facade and pavered walkway upon arrival at this Jacksonville home! Step inside and you'll find the dining room on your left as you move into the well-appointed living room, which features a fireplace. The kitchen boasts stainless steel appliances, hard surface countertops, ample storage, and a pantry. Rounding out this ranch style floorplan is the primary suite and three additional secondary bedrooms. Enjoy your enclosed, private backyard all year long! Come and see for yourself the possibilities that this home has to offer!

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Location


Property Details


Parking

  • Description: Additional Parking
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable or Hip

HOA

  • Has HOA: Yes
  • HOA Fee: $275/annually

Land Information

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

Lot Information

  • Parcel ID: 0983650545
  • Lot Size: 4791 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2006

Tax Information

  • Annual Tax: $4,629

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Duval

Listing Details


Listed by:
BLAKE ALAN KEATHLEY
EVERYSTATE INC
(661) 900-9145

Source:
realMLS (Northeast Florida Multiple Listing Service)
MLS#: 2088509
realMLS (Northeast Florida Multiple Listing Service)

Investment Summary


Monthly Cash Flow
-$571
Cap Rate
3.9%
Cash-on-Cash Return
-9.9%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.6%

Purchase Details

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Purchase price:
$301,000
Amount financed:
-$240,800
Down payment:
$60,200
Closing costs:
$9,030
Rehab costs:
$0
Initial cash invested:
$69,230
Square feet:
1,827
Cost per square foot:
$165
Monthly rent per square foot:
$1.09

Financing Details

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Loan amount:
$240,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,542
Property tax:
$386
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,068

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$386-$4,630
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (1%)
1%-$23-$276
Total operating expenses: (45%)
45%-$909-$10,906

Cash Flow


Monthly Yearly
Net operating income:
$971 $11,652
Mortgage payments:
-$1,542 -$18,504
Cash flow:
$571 $6,852