245 NW Pinellas CtLake CityFL32055
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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 245 NW Pinellas Ct, Lake City, FL, 32055 priced at $255,000 converts $3,023/mo rent into $1,331/mo cash flow after a $1,248/mo obligation. Total monthly income equals $3,023/mo, and annual cash flow totals $15,970/yr on $84,533 invested. Return on cash invested prints 38.8% in year one, and rental yield reads 14.23% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 204.74% and total cumulative return in cash sums $173,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,023/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 2003
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32055, Lake City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,579 (100%) |
| Owner Occupied HU | 4,454 (58.8%) |
| Renter Occupied HU | 2,219 (29.3%) |
| Vacant Housing Units | 906 (12.0%) |
| Median Home Value | $242,877 |
| Average Home Value | $258,033 |
Housing Distribution
Address Breakdown
Residential
6,768
Single Family
6,718
Multi-Family
50
Businesses
828
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Listed by: Laura Nettles • REMAX PROFESSIONALS, INC.
Mls Name: NFMLS
Mls Provider:
Mls ID: #124180
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.