16825 27th PlLake CityFL32024
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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
Investment property for sale in Lake City at 16825 27th Pl, Lake City, FL, 32024 uses $112,379 cash to close to unlock $7,759/yr annual cash flow and $647/mo monthly cash flow. Total monthly income runs $2,946/mo, and a $1,659/mo payment keeps the spread at $647/mo. Purchase price stands at $339,000, and rental yield measures 10.43% with $2,946/mo rent. Return on cash invested shows 26.81% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 140.66% and total cumulative return in cash records $158,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,946/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
9.99 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
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Listed by: Jackie Taylor-McCrary • JACKIE TAYLOR & ASSOCIATES
Mls Name: NFMLS
Mls Provider:
Mls ID: #126001
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.