Wilmington Plan, Forest CoveLake CityFL32024
Nearby investment properties with comparable rents
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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 Wilmington Plan, Forest Cove, Lake City, FL, 32024 at $399,900 posts ROI 19.78% with from $2,639/mo rent. Total monthly income equals $2,639/mo. Return on cash invested measures 19.78% and rental yield reads 7.92% at the current $399,900. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 by year five. Five-year ROI prints 102.73% and total cumulative return in cash totals $136,184. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,639/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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Nearby investment properties with comparable prices
