983 SW Mary TerLake 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 Mary Ter, Lake City, FL, 32024 with 5% annual appreciation on a $259,500 basis while $3,300/mo rent supports operations. Total monthly income totals $3,300/mo and a $1,270/mo payment preserves $1,578/mo for cash returns. Annual cash flow comes to $18,936/yr on $86,024 deployed, and return on cash invested reaches 41.92% in year one. Equity gained on principal adds $1,675/yr, and five-year appreciation sums $71,695 alongside rental yield of 15.26%. Five-year ROI measures 221.52% and total cumulative return in cash totals $190,565.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,300/mo property income versus a $1,270/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2007
5 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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Listed by: Nate Sweat • Magnolia Real Estate Group of North FL LLC
Mls Name: NFMLS
Mls Provider:
Mls ID: #122933
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.