993 SE Putnam StLake CityFL32025
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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 993 SE Putnam St, Lake City, FL, 32025 uses $66,300 cash to close to unlock $1,376/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $1,442/mo, and a $979/mo payment keeps the spread at $115/mo. Purchase price stands at $200,000, and rental yield measures 8.65% with $1,442/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 114.58% and total cumulative return in cash records $75,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,442/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32025, Lake City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,127 (100%) |
| Owner Occupied HU | 5,155 (56.5%) |
| Renter Occupied HU | 3,163 (34.7%) |
| Vacant Housing Units | 809 ( 8.9%) |
| Median Home Value | $238,613 |
| Average Home Value | $278,138 |
Housing Distribution
Address Breakdown
Residential
8,161
Single Family
7,475
Multi-Family
686
Businesses
689
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