308 SE McCray AveLake 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
Investment property for sale in Lake City at 308 SE McCray Ave, Lake City, FL, 32025 with 5% annual appreciation on a $207,500 basis while $2,150/mo rent supports operations. Total monthly income totals $2,150/mo and a $1,016/mo payment preserves $773/mo for cash returns. Annual cash flow comes to $9,271/yr on $68,786 deployed, and return on cash invested reaches 33.39% in year one. Equity gained on principal adds $1,339/yr, and five-year appreciation sums $57,328 alongside rental yield of 12.43%. Five-year ROI measures 175.72% and total cumulative return in cash totals $120,875.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,150/mo property income versus a $1,016/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2023
0.25 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: Rachel Holton • ADVANTAGE REAL ESTATE PROFESSIONALS, INC
Mls Name: NFMLS
Mls Provider:
Mls ID: #125433
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.