194 SE Rachel WayLake CityFL32025
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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 194 SE Rachel Way, Lake City, FL, 32025 priced at $182,500 converts $1,405/mo rent into $194/mo cash flow after a $893/mo obligation. Total monthly income equals $1,405/mo, and annual cash flow totals $2,330/yr on $60,499 invested. Return on cash invested prints 23.76% in year one, and rental yield reads 9.24% against a $182,500 entry. Equity gained on principal adds $1,178/yr, while 5% annual appreciation compiles into $50,421 by year five. Five-year ROI reaches 124.14% and total cumulative return in cash sums $75,106. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,405/mo property income covering a $893/mo payment, not borrower’s personal income.
Manufactured
Built in 1983
50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32025, Lake City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,127 (100%) |
| Owner Occupied HU | 5,155 (56.5%) |
| Renter Occupied HU | 3,163 (34.7%) |
| Vacant Housing Units | 809 ( 8.9%) |
| Median Home Value | $238,613 |
| Average Home Value | $278,138 |
Housing Distribution
Address Breakdown
Residential
8,161
Single Family
7,475
Multi-Family
686
Businesses
689
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Listed by: NonMLS NON MLS • NORTH FLORIDA M.L.S., INC
Mls Name: NFMLS
Mls Provider:
Mls ID: #128747
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