402 Lake StUmatillaFL32784
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Umatilla at 402 Lake St, Umatilla, FL, 32784 offers $1,980/mo rent that, after a $3,842/mo payment. Total monthly income is $1,980/mo. Return on cash invested measures 5.06% in year one, and rental yield stands at 3.03% at a $785,000 entry. Equity gained on principal adds $5,065/yr while 5% annual appreciation compounds into $216,881 by year five. Five-year ROI records 23.74% and total cumulative return in cash reaches $61,322. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,980/mo property income versus a $3,842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
6.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32784, Umatilla, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,402 (100%) |
| Owner Occupied HU | 3,715 (68.8%) |
| Renter Occupied HU | 946 (17.5%) |
| Vacant Housing Units | 741 (13.7%) |
| Median Home Value | $387,977 |
| Average Home Value | $412,567 |
Housing Distribution
Address Breakdown
Residential
4,752
Single Family
4,718
Multi-Family
34
Businesses
329
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddy Workinger, Jr. • EXPERT REAL ESTATE ADVISORS
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5099652
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511