Miramar Plan, Forest CoveLake CityFL32024
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 Miramar Plan, Forest Cove, Lake City, FL, 32024 priced at $404,900 converts $3,300/mo rent into $613/mo cash flow after a $1,982/mo obligation. Total monthly income equals $3,300/mo, and annual cash flow totals $7,354/yr on $134,224 invested. Return on cash invested prints 25.39% in year one, and rental yield reads 9.78% against a $404,900 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,866 by year five. Five-year ROI reaches 132.8% and total cumulative return in cash sums $178,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,300/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
