983 SW Little RdLake 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 983 SW Little Rd, Lake City, FL, 32024 uses $74,588 cash to close to unlock $3,565/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $1,790/mo, and a $1,101/mo payment keeps the spread at $297/mo. Purchase price stands at $225,000, and rental yield measures 9.55% with $1,790/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 129.12% and total cumulative return in cash records $96,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,790/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1953
2.10 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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