823 NE Elsey PlLake CityFL32055
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 Lake City at 823 NE Elsey Pl, Lake City, FL, 32055 priced at $264,900 converts $2,340/mo rent into $582/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $6,980/yr on $87,814 invested. Return on cash invested prints 27.86% in year one, and rental yield reads 10.6% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 146.06% and total cumulative return in cash sums $128,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,316 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices