119 NW Kirstin DrLake CityFL32055
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lake City at 119 NW Kirstin Dr, Lake City, FL, 32055 priced at $424,999 pairs $3,223/mo rent with $371/mo cash flow after a $2,080/mo payment. Total monthly income equals $3,223/mo, and annual cash flow comes to $4,455/yr on $140,887 invested. Return on cash invested is 23.07% in year one, and rental yield stands at 9.1% on a $424,999 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,419 by year five. Five-year ROI measures 120.5% and total cumulative return in cash reaches $169,768. For financing, Ziffy Mortgage’s DSCR program evaluates $3,223/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.39 Acres lot
$N/A/sqft
$264 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32055, Lake City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,579 (100%) |
| Owner Occupied HU | 4,454 (58.8%) |
| Renter Occupied HU | 2,219 (29.3%) |
| Vacant Housing Units | 906 (12.0%) |
| Median Home Value | $242,877 |
| Average Home Value | $258,033 |
Housing Distribution
Address Breakdown
Residential
6,768
Single Family
6,718
Multi-Family
50
Businesses
828
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Listed by: Victoria Carlisle • Herron Real Estate
Mls Name: NFMLS
Mls Provider:
Mls ID: #123621
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.