388 SW Paces GlnLake 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 388 SW Paces Gln, Lake City, FL, 32024 offers $4,345/mo rent that, after a $4,062/mo payment. Total monthly income is $4,345/mo. Return on cash invested measures 14.95% in year one, and rental yield stands at 6.28% at a $829,900 entry. Equity gained on principal adds $5,355/yr while 5% annual appreciation compounds into $229,286 by year five. Five-year ROI records 76.81% and total cumulative return in cash reaches $209,723. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,345/mo property income versus a $4,062/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
5.19 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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