2366 Oak StLanark VillageFL32323
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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 Lanark Village at 2366 Oak St, Lanark Village, FL, 32323 uses $89,174 cash to close to unlock $1,410/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,903/mo, and a $1,317/mo payment keeps the spread at $117/mo. Purchase price stands at $269,000, and rental yield measures 8.49% with $1,903/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 111.95% and total cumulative return in cash records $99,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,903/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32323, Lanark Village, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 292 (100%) |
| Owner Occupied HU | 90 (30.8%) |
| Renter Occupied HU | 25 ( 8.6%) |
| Vacant Housing Units | 177 (60.6%) |
| Median Home Value | $290,909 |
| Average Home Value | $417,222 |
Housing Distribution
Address Breakdown
Residential
90
Single Family
0
Multi-Family
0
Businesses
8
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Listed by: Kay Faircloth • Sea Crest Real Estate, Inc.
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #320813
Disclaimer: Property information provided by the RAFGC MLS a service of the REALTOR Association of Franklin & Gulf Counties. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.