424 SW Silver Palm DrLake 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 424 SW Silver Palm Dr, Lake City, FL, 32024 generates $2,526/mo in rent, after a $1,861/mo payment. Total monthly income is $2,526/mo. Return on cash invested sits at 19.37% in year one, and rental yield is 7.97% on a $380,150 entry. Equity gained on principal adds $2,453/yr, while 5% annual appreciation builds toward $105,028 over five years. Five-year ROI reaches 100.76% and total cumulative return in cash sums $126,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,526/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
$710 annually 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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Listed by: Sharon Selder • Adams Homes Realty, Inc
Mls Name: NFMLS
Mls Provider:
Mls ID: #127904
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.