For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In Lake City, the investment landscape is ripe with opportunities that boast impressive COC figures. For instance, a single-family home priced at $87,000 offers a staggering 35.7% cash on cash return, while another property at $139,000 yields a robust 34.3%. These compelling data points highlight the potential for lucrative investments in this vibrant market.
This article will delve into the most attractive real estate deals in Lake City, showcasing properties with high cash on cash returns and other key financial metrics. By analyzing these deals, investors can uncover valuable insights that will guide them in identifying profitable opportunities.
Understanding which data points matter most—such as cash flow, cap rate, and total payment—can empower investors to make informed decisions. With the right information, you can navigate the Lake City real estate market with confidence and seize the best investment opportunities available.
Did you know that Lake City is known for its affordable housing market, with a median home price significantly lower than the national average? This makes it an attractive destination for savvy investors looking to maximize their returns.
| View Property | Location | Type | Cash on Cash | Price | Rent | Total Payment | NOI | Cap Rate | Cash Flow | GRM | DSCR | P&I | Tax | HOA Fees | Insurance |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 35.7% | $87,000 | $1,042 | $525 | $1,016 | 14.0% | $517 | 7.0 | 2.2 | $455 | $44 | $0 | $26 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 34.3% | $139,000 | $1,597 | $803 | $1,555 | 13.4% | $794 | 7.3 | 2.3 | $690 | $71 | $0 | $42 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 20.5% | $339,000 | $3,111 | $1,953 | $3,009 | 10.7% | $1,158 | 9.1 | 1.8 | $1,679 | $172 | $0 | $102 |
| Sign up for a free account to view this property's address and details. | Fort White, FL | Manufactured | 17.5% | $132,000 | $1,147 | $762 | $1,107 | 10.1% | $385 | 9.6 | 1.7 | $655 | $67 | $0 | $40 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 17.1% | $222,000 | $1,915 | $1,282 | $1,848 | 10.0% | $633 | 9.7 | 1.7 | $1,102 | $113 | $0 | $67 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 14.2% | $279,900 | $2,274 | $1,612 | $2,190 | 9.4% | $662 | 10.3 | 1.6 | $1,386 | $142 | $0 | $84 |
| 822 NW Springdale Gln, Lake City, FL 32055 | Lake City, FL | Single Family | 8.7% | $217,000 | $1,678 | $1,363 | $1,606 | 8.9% | $315 | 10.8 | 1.4 | $1,155 | $136 | $0 | $72 |
| 1324 SE Peacock Ter, Lake City, FL 32025 | Lake City, FL | Manufactured | 7.7% | $220,000 | $1,553 | $1,270 | $1,487 | 8.1% | $283 | 11.8 | 1.4 | $1,092 | $112 | $0 | $66 |
| 541 SE Sharon Ln, Lake City, FL 32025 | Lake City, FL | Manufactured | 6.4% | $235,000 | $1,726 | $1,476 | $1,648 | 8.4% | $250 | 11.3 | 1.3 | $1,251 | $147 | $0 | $78 |
| 3001 SW Sisters Welcome Rd, Lake City, FL 32024 | Lake City, FL | Single Family | 3.7% | $244,900 | $1,558 | $1,406 | $1,485 | 7.3% | $152 | 13.1 | 1.2 | $1,209 | $124 | $0 | $73 |
| 280 SW Gerald Conner Dr, Lake City, FL 32024 | Lake City, FL | Single Family | 0.7% | $295,000 | $1,734 | $1,700 | $1,645 | 6.7% | $34 | 14.2 | 1.1 | $1,461 | $150 | $0 | $89 |
| 148 SW Bloomington Ter, Lake City, FL 32025 | Lake City, FL | Manufactured | -1.0% | $270,000 | $1,632 | $1,679 | $1,542 | 6.9% | -$47 | 13.8 | 1.1 | $1,420 | $169 | $0 | $90 |
| 119 SW June Gln, Lake City, FL 32024 | Lake City, FL | Single Family | -2.6% | $299,000 | $1,595 | $1,723 | $1,505 | 6.0% | -$128 | 15.6 | 1.0 | $1,481 | $152 | $0 | $90 |
| 173 SW Milkweed Ct, Lake City, FL 32024 | Lake City, FL | Single Family | -3.8% | $525,000 | $2,694 | $3,025 | $2,536 | 5.8% | -$331 | 16.2 | 1.0 | $2,600 | $267 | $0 | $158 |
| 130 SW Waco Ct, Lake City, FL 32025 | Lake City, FL | Single Family | -3.8% | $639,000 | $3,227 | $3,631 | $3,035 | 5.7% | -$404 | 16.5 | 1.0 | $3,114 | $325 | $0 | $192 |
| 249 NW Palmetto Blvd, Lake City, FL 32055 | Lake City, FL | Single Family | -3.9% | $475,000 | $2,435 | $2,744 | $2,292 | 5.8% | -$309 | 16.3 | 1.0 | $2,360 | $241 | $0 | $143 |
| 3929 284th St, Branford, FL 32008 | Branford, FL | Single Family | -5.1% | $330,000 | $1,692 | $1,970 | $1,578 | 5.7% | -$278 | 16.3 | 1.0 | $1,639 | $217 | $15 | $99 |
| 410 SW Silver Palm Dr, Lake City, FL 32024 | Lake City, FL | Single Family | -5.9% | $464,800 | $2,491 | $2,950 | $2,276 | 5.9% | -$459 | 15.5 | 0.9 | $2,444 | $291 | $60 | $155 |
| 389 SW Mossy Oak Way, Lake City, FL 32024 | Lake City, FL | Single Family | -8.5% | $789,900 | $3,379 | $4,495 | $3,136 | 4.8% | -$1,116 | 19.5 | 0.8 | $3,850 | $402 | $6 | $237 |
| 148 NW Horizon St, Lake City, FL 32055 | Lake City, FL | Single Family | -15.9% | $749,900 | $2,275 | $4,261 | $2,050 | 3.3% | -$1,986 | 27.5 | 0.6 | $3,655 | $381 | $0 | $225 |
Cash on Cash Return: 35.7%
Price: $87,000
Rent: $1,042
Total Payment: $525
Cap Rate: 14.0%
Cash Flow: $517
GRM: 7.0
DSCR: 2.2
Location: Double Run Rd
Last Updated: 01/01/1900
First Seen: 11/30/2024
This charming single-family home on Double Run Rd stands out due to its impressive cash flow and high cap rate. With a cash on cash return of 35.7%, this property is an excellent choice for investors seeking strong returns. The location is ideal, providing easy access to local amenities and a growing community, making it attractive to potential renters.
Cash on Cash Return: 34.3%
Price: $139,000
Rent: $1,597
Total Payment: $803
Cap Rate: 13.4%
Cash Flow: $794
GRM: 7.3
DSCR: 2.3
Location: County Road 240
Last Updated: 01/01/1900
First Seen: 11/30/2024
Located on County Road 240, this single-family home offers a cash on cash return of 34.3%, making it a highly attractive investment. The property generates a solid cash flow of $794, supported by a strong rental market. Its strategic location enhances its appeal, ensuring consistent demand from renters.
Cash on Cash Return: 20.5%
Price: $339,000
Rent: $3,111
Total Payment: $1,953
Cap Rate: 10.7%
Cash Flow: $1,158
GRM: 9.1
DSCR: 1.8
Location: Wendy Ter
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on Wendy Ter, while priced higher, still offers a respectable cash on cash return of 20.5%. With a cash flow of $1,158, it remains a viable option for investors looking for quality rental properties. The property’s features and location contribute to its potential for long-term appreciation.
Cash on cash return and cap rate are critical metrics for real estate investors. A high cash on cash return indicates that the property generates significant income relative to the investment made, while a strong cap rate reflects the property's ability to produce income compared to its value. These metrics suggest that the properties listed above are not only profitable but also strategically positioned in the Lake City market.
The Gross Rent Multiplier (GRM) and Debt Service Coverage Ratio (DSCR) are essential tools for evaluating real estate investments. GRM helps investors understand how long it will take to recoup their investment through rental income, while DSCR measures the property’s ability to cover its debt obligations. For instance, the properties on Double Run Rd and County Road 240 exhibit favorable GRM and DSCR values, indicating lower risk and higher potential returns.
To increase rental income, consider property upgrades, adjusting rents to market rates, or targeting specific renter demographics. Additionally, minimizing operating costs through effective management of HOA fees, taxes, and insurance can significantly enhance cash flow. For example, by reducing insurance costs on the property on County Road 240, an investor could see an increase in cash flow by several hundred dollars annually.
Investing in condos versus single-family homes presents different advantages. Condos may offer lower maintenance costs and higher cash flow potential, while single-family homes often appreciate more over time. The properties listed demonstrate that both types can yield strong returns, depending on the investor's strategy and market conditions.
With its diverse range of investment properties, Lake City stands out as an excellent choice for real estate investors. The properties highlighted offer impressive cash flow and cap rates, making them ideal for those looking to maximize their returns. Don’t miss out on these high-return opportunities—contact us today for more information or to sign up for real-time updates on investment properties in Lake City!
Act quickly on these high-return properties before they are sold! Sign up for updates or request more information about specific properties today!