ZIP CODE 32218 // JACKSONVILLE, FL // DATA AS OF 2026-09-30
Jacksonville, FL (32218) Rental Property Cap Rate & Cash Flow Report
Located in Duval County (Jacksonville, FL), Zip Code 32218 ranks #102 of 500 within this selected sample (80th percentile) with a Zillow ZHVI typical home-value index of $298,652 (+0.6% YoY) and a ZORI observed market rent of $1,628/mo (+1.5% YoY). Requires at least 42.0% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$415/mo
Annual: -$4,977/yr
Modeled Cap Rate
4.40%
NOI: $13,144/yr
Cash-on-Cash Return
-7.25%
Cash Needed: $68,690
1% Rule Ratio
0.55%
Gross Yield: 6.54%
Break-Even Rent
$2,105/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 32218 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,510/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$533/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (32218)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $256,687 | $1,437/mo | 6.72% |
| 2022 | $318,679 | $1,573/mo | 5.92% |
| 2023 | $308,093 | $1,595/mo | 6.21% |
| 2024 | $307,730 | $1,604/mo | 6.25% |
| 2025 | $297,003 | $1,605/mo | 6.48% |
| 2026 | $298,652 | $1,628/mo | 6.54% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 33023 Miramar, FL | $457,583 | $2,513/mo | 4.44% | -$619/mo |
| 34744 Kissimmee, FL | $380,234 | $2,056/mo | 4.36% | -$543/mo |
| 32246 Jacksonville, FL | $313,935 | $1,750/mo | 4.53% | -$402/mo |
| 32703 Apopka, FL | $356,449 | $1,897/mo | 4.27% | -$535/mo |
| 33178 Doral, FL | $558,135 | $2,946/mo | 4.22% | -$859/mo |
| 33032 Homestead, FL | $455,555 | $2,580/mo | 4.62% | -$549/mo |