BRRRR in Jacksonville, Florida

Local Snapshot — Jacksonville, Florida

Jacksonville offers attractive BRRRR entry points with military presence, logistics sector, and healthcare industry supporting rental demand. Lower acquisition costs and competitive property taxes create favorable cash-on-cash returns. Military housing allowances provide rental floor while port activities drive economic stability.

Last updated: 2024-09-24

Sources: Tax• Vacancy• DOM

Local BRRRR Notes

• Inventory & comps: Verify comparable sales supporting your ARV; track days on market and supply trends.
• Rent checks: Confirm realistic rent using multiple sources; underwrite concessions and lease‑up time.
• Permit timelines: Speak with local building departments for scope‑specific requirements.
• Contractor bench: Line up multiple bids and references; enforce clear milestone payments.
• Exit & DSCR: Size loan proceeds under conservative DSCR and rate scenarios.

Talk to a financing specialist to structure your deal.

Financing Benchmarks

• Target DSCR ≥ 1.30–1.40x due to hurricane risk and seasonal rental variations.
• Purchase LTV typically 70–80% given natural disaster exposure and market volatility.
• Refi LTV commonly 65–75% with lenders requiring hurricane insurance and updated appraisals.
• Seasoning requirements 6–12 months; coastal properties may require extended seasoning periods.
• Carry 15–20% rehab contingency due to hurricane code compliance and skilled labor shortages.
• Maintain 10–15 months reserves for seasonal variations and potential evacuation periods.
• Insurance costs significant factor; wind/hurricane coverage can represent 2-4% of property value annually.