426 SW Jodi CtLake CityFL32024
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
Investment property for sale in Lake City at 426 SW Jodi Ct, Lake City, FL, 32024 uses $79,527 cash to close to unlock $8,174/yr annual cash flow and $681/mo monthly cash flow. Total monthly income runs $2,273/mo, and a $1,174/mo payment keeps the spread at $681/mo. Purchase price stands at $239,900, and rental yield measures 11.37% with $2,273/mo rent. Return on cash invested shows 30.19% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 158.6% and total cumulative return in cash records $126,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,273/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
5.01 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stan Batten • STAN BATTEN REAL ESTATE, INC.
Mls Name: NFMLS
Mls Provider:
Mls ID: #127144
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.