232 SW Colgate LoopFort WhiteFL32038
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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 Fort White at 232 SW Colgate Loop, Fort White, FL, 32038 priced at $119,900 converts $953/mo rent into $157/mo cash flow after a $587/mo obligation. Total monthly income equals $953/mo, and annual cash flow totals $1,886/yr on $39,747 invested. Return on cash invested prints 24.65% in year one, and rental yield reads 9.54% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 129.01% and total cumulative return in cash sums $51,276. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $953/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 1989
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32038, Fort White, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,107 (100%) |
| Owner Occupied HU | 3,732 (73.1%) |
| Renter Occupied HU | 582 (11.4%) |
| Vacant Housing Units | 793 (15.5%) |
| Median Home Value | $274,182 |
| Average Home Value | $295,863 |
Housing Distribution
Address Breakdown
Residential
4,379
Single Family
4,379
Multi-Family
0
Businesses
273
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Listed by: Madison Pinder • HORIZON REALTY OF ALACHUA, INC
Mls Name: NFMLS
Mls Provider:
Mls ID: #126667
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.