627 NE Washington StLake 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 627 NE Washington St, Lake City, FL, 32055 uses $48,068 cash to close to unlock $2,298/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,154/mo, and a $710/mo payment keeps the spread at $191/mo. Purchase price stands at $145,000, and rental yield measures 9.55% with $1,154/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 129.09% and total cumulative return in cash records $62,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,154/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 2010
6,359 sqft 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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