509 NW David DrLake CityFL32055
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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 509 NW David Dr, Lake City, FL, 32055 uses $39,780 cash to close to unlock $1,728/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $940/mo, and a $587/mo payment keeps the spread at $144/mo. Purchase price stands at $120,000, and rental yield measures 9.4% with $940/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 126.71% and total cumulative return in cash records $50,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $940/mo property income covering a $587/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1998
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32055, Lake City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,579 (100%) |
| Owner Occupied HU | 4,454 (58.8%) |
| Renter Occupied HU | 2,219 (29.3%) |
| Vacant Housing Units | 906 (12.0%) |
| Median Home Value | $242,877 |
| Average Home Value | $258,033 |
Housing Distribution
Address Breakdown
Residential
6,768
Single Family
6,718
Multi-Family
50
Businesses
828
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