Buy and hold - zip code Jacksonville FL 32218

[Avi Pasternak]

Hi all. I am a new investor looking to buy and hold around 4 properties (in cash as I plan to refinance later on) and thought of Jacksonville FL.

I am out of the country, so looking for low risk.  I would appreciate your thoughts on:

1. Currently, I have a good offer on a property in zip code 32218. My questions is, is this considered a good area for by and hold?

2. Which zip codes should I focus on in Jacksonville for buy and hold? 

Thank you all in advance

[Jack Bobeck]

@Avi Pasternak You can see what properties rent for on average at rentometer.com, I use that site to get an idea of rent. As for properties sitting, well some of that has to do with greedy landlords and other factors like house condition. There are a lot of properties now on the market too as people see 2019/2020 as maybe a recession, meaning we are peaking in the real estate market. I have rentals in 32205, Murray Hill area, which is on fire right now. 

My wife and I have purchased and flipped 20+ homes and she has sold 353 homes (on her own) and over 500 with partners, during her time as a Realtor in Jacksonville. I would choose a strong up and coming community that will appreciate better in the long term. 

Depending on where the property is located in 32218 would be a judgement call on its value. Learn more about values in any zip code using this tool.