699 SW Old Lake City TerHigh SpringsFL32643
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
Rental property for sale in High Springs at 699 SW Old Lake City Ter, High Springs, FL, 32643 generates $951/mo in rent and, after a $592/mo payment, leaves $125/mo in cash flow. Total monthly income is $951/mo, and annual cash flow is $1,497/yr on $40,112 invested. Return on cash invested sits at 23.64% in year one, and rental yield is 9.43% on a $121,000 entry. Equity gained on principal adds $781/yr, while 5% annual appreciation builds toward $33,430 over five years. Five-year ROI reaches 123.7% and total cumulative return in cash sums $49,617. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $951/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
18.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32643, High Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 4,490 (79.6%) |
| Renter Occupied HU | 742 (13.2%) |
| Vacant Housing Units | 407 ( 7.2%) |
| Median Home Value | $327,605 |
| Average Home Value | $354,263 |
Housing Distribution
Address Breakdown
Residential
5,534
Single Family
5,534
Multi-Family
0
Businesses
273
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddy Scott • United Country Smith & Assoc Bell
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #794988
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.