588 SW Nursery RdLake 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 588 SW Nursery Rd, Lake City, FL, 32024 at $799,000 posts ROI 21.62% with $342/mo cash flow from $5,645/mo rent. Total monthly income equals $5,645/mo, and annual cash flow records $4,109/yr on $262,871 to close. Return on cash invested measures 21.62% and rental yield reads 8.48% at the current $799,000. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 by year five. Five-year ROI prints 112.6% and total cumulative return in cash totals $295,998.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,645/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1987
3.55 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: Tina Donaldson • AFG TRI STATE REALTY, INC
Mls Name: NFMLS
Mls Provider:
Mls ID: #126744
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.