132 NE Corene 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 132 NE Corene Dr, Lake City, FL, 32055 generates $1,813/mo in rent and, after a $1,268/mo payment, leaves $94/mo in cash flow. Total monthly income is $1,813/mo, and annual cash flow is $1,127/yr on $85,859 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 8.4% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 110.45% and total cumulative return in cash sums $94,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,813/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
0.73 Acres lot
$N/A/sqft
No 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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