ZIP CODE 32246 // JACKSONVILLE, FL // DATA AS OF 2026-09-30
Jacksonville, FL (32246) Rental Property Cap Rate & Cash Flow Report
Located in Duval County (Jacksonville, FL), Zip Code 32246 ranks #90 of 500 within this selected sample (82th percentile) with a Zillow ZHVI typical home-value index of $313,935 (-0.8% YoY) and a ZORI observed market rent of $1,750/mo (+3.4% YoY). Requires at least 40.3% 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
-$402/mo
Annual: -$4,829/yr
Modeled Cap Rate
4.53%
NOI: $14,220/yr
Cash-on-Cash Return
-6.69%
Cash Needed: $72,205
1% Rule Ratio
0.56%
Gross Yield: 6.69%
Break-Even Rent
$2,213/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 32246 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,587/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$565/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (32246)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $271,851 | $1,651/mo | 7.29% |
| 2022 | $334,939 | $1,715/mo | 6.14% |
| 2023 | $330,577 | $1,715/mo | 6.23% |
| 2024 | $333,293 | $1,715/mo | 6.17% |
| 2025 | $316,571 | $1,692/mo | 6.41% |
| 2026 | $313,935 | $1,750/mo | 6.69% |
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 |
| 33032 Homestead, FL | $455,555 | $2,580/mo | 4.62% | -$549/mo |
| 32218 Jacksonville, FL | $298,652 | $1,628/mo | 4.40% | -$415/mo |
| 33012 Hialeah, FL | $385,957 | $2,212/mo | 4.69% | -$442/mo |
| 34744 Kissimmee, FL | $380,234 | $2,056/mo | 4.36% | -$543/mo |
| 33015 Hialeah, FL | $398,161 | $2,291/mo | 4.72% | -$448/mo |