186 SW Aspen Gln, Lake City, FL, 32024 | $1,125/mo Cash Flow

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lake City at 186 SW Aspen Gln, Lake City, FL, 32024 priced at $140,000 converts $2,054/mo rent into $1,125/mo cash flow after a $685/mo obligation. Total monthly income equals $2,054/mo, and annual cash flow totals $13,502/yr on $46,410 invested. Return on cash invested prints 49% in year one, and rental yield reads 17.61% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 259.52% and total cumulative return in cash sums $120,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,054/mo property income covering a $685/mo payment, not borrower’s personal income.

Manufactured

Built in 1995

10,846 sqft 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