1344 SW Old Wire RdLake CityFL32024
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1344 SW Old Wire Rd, Lake City, FL, 32024 generates $1,774/mo in rent and, after a $1,223/mo payment, leaves $116/mo in cash flow. Total monthly income is $1,774/mo, and annual cash flow is $1,389/yr on $82,842 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 8.52% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 112.42% and total cumulative return in cash sums $93,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,774/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32024, Lake City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,857 (100%) |
| Owner Occupied HU | 6,997 (79.0%) |
| Renter Occupied HU | 1,260 (14.2%) |
| Vacant Housing Units | 600 ( 6.8%) |
| Median Home Value | $273,669 |
| Average Home Value | $295,730 |
Housing Distribution
Address Breakdown
Residential
8,634
Single Family
8,634
Multi-Family
0
Businesses
201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices