264 SW Woodgate TerLake CityFL32024
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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 264 SW Woodgate Ter, Lake City, FL, 32024 priced at $165,000 converts $1,316/mo rent into $221/mo cash flow after a $808/mo obligation. Total monthly income equals $1,316/mo, and annual cash flow totals $2,647/yr on $54,698 invested. Return on cash invested prints 24.75% in year one, and rental yield reads 9.57% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 129.42% and total cumulative return in cash sums $70,787. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,316/mo property income covering a $808/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
0.27 Acres 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 |
Housing Distribution
Address Breakdown
Residential
8,634
Single Family
8,634
Multi-Family
0
Businesses
201
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