8950 SW State Road 47Lake CityFL32024
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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 8950 SW State Road 47, Lake City, FL, 32024 listed at $246,900 pairs $2,064/mo rent with a $1,208/mo payment to leave $426/mo cash flow. Total monthly income runs $2,064/mo, and annual cash flow reaches $5,112/yr on $81,847 cash to close. Return on cash invested measures 26.15% in year one, and rental yield registers 10.03% at a $246,900 basis. Equity gained on principal adds $1,593/yr, and annual property appreciation at 5% supports $68,214 by year five. Five-year ROI tracks 136.89% and total cumulative return in cash totals $112,041. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,064/mo property income relative to a $1,208/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2005
0.50 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
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