For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In Lake City, the potential for lucrative investments is evident, with remarkable deals showcasing impressive COC rates. For instance, a manufactured home is generating a staggering 161.0% COC with a purchase price of just $43,500, while another manufactured property offers a solid 40.4% COC at $86,400. Even single-family homes are performing well, with one achieving a 30.4% COC at a price of $87,000.
This article will delve into the most attractive real estate deals in Lake City, highlighting properties with high cash on cash returns and other compelling data points. By analyzing these figures, investors can uncover lucrative opportunities that align with their financial goals.
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 insights, you can navigate the Lake City real estate market with confidence and seize the best investment opportunities.
Did you know that Florida's real estate market has seen a significant increase in cash flow properties, making it one of the top states for real estate investment?
| 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 | Manufactured | 161.0% | $43,500 | $1,430 | $263 | $1,417 | 39.1% | $1,167 | 2.5 | 6.2 | $228 | $22 | $0 | $13 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Manufactured | 40.4% | $86,400 | $1,104 | $522 | $1,078 | 15.0% | $582 | 6.5 | 2.4 | $452 | $44 | $0 | $26 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 30.4% | $87,000 | $1,017 | $576 | $988 | 13.6% | $441 | 7.1 | 2.0 | $493 | $54 | $0 | $29 |
| Sign up for a free account to view this property's address and details. | Lake Butler, FL | Single Family | 23.1% | $209,000 | $2,019 | $1,215 | $1,956 | 11.2% | $804 | 8.6 | 1.9 | $1,037 | $115 | $0 | $63 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 21.2% | $339,000 | $3,149 | $1,951 | $3,047 | 10.8% | $1,198 | 9.0 | 1.8 | $1,677 | $172 | $0 | $102 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 16.1% | $222,000 | $1,873 | $1,278 | $1,806 | 9.8% | $595 | 9.9 | 1.6 | $1,098 | $113 | $0 | $67 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 14.7% | $225,000 | $1,850 | $1,298 | $1,782 | 9.5% | $552 | 10.1 | 1.6 | $1,116 | $114 | $0 | $68 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 13.5% | $259,900 | $2,083 | $1,497 | $2,005 | 9.3% | $586 | 10.4 | 1.6 | $1,287 | $132 | $0 | $78 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 12.9% | $279,900 | $2,215 | $1,612 | $2,131 | 9.1% | $603 | 10.5 | 1.5 | $1,386 | $142 | $0 | $84 |
| Sign up for a free account to view this property's address and details. | Lake Butler, FL | Single Family | 12.6% | $329,000 | $2,598 | $1,909 | $2,499 | 9.1% | $689 | 10.6 | 1.5 | $1,629 | $181 | $0 | $99 |
| Sign up for a free account to view this property's address and details. | Lake City, FL | Single Family | 11.5% | $217,000 | $1,778 | $1,363 | $1,706 | 9.4% | $415 | 10.2 | 1.5 | $1,155 | $136 | $0 | $72 |
| 531 NW Palm Dr, Lake City, FL 32055 | Lake City, FL | Single Family | 8.3% | $289,000 | $2,175 | $1,777 | $2,079 | 8.6% | $398 | 11.1 | 1.4 | $1,500 | $181 | $0 | $96 |
| 362 NE Williams St, Lake City, FL 32055 | Lake City, FL | Single Family | 8.1% | $174,950 | $1,243 | $1,006 | $1,191 | 8.2% | $237 | 11.7 | 1.4 | $865 | $89 | $0 | $52 |
| 1324 SE Peacock Ter, Lake City, FL 32025 | Lake City, FL | Manufactured | 7.8% | $220,000 | $1,553 | $1,266 | $1,487 | 8.1% | $287 | 11.8 | 1.4 | $1,088 | $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 |
| 148 SW Bloomington Ter, Lake City, FL 32025 | Lake City, FL | Manufactured | 1.7% | $270,000 | $1,632 | $1,554 | $1,551 | 6.9% | $78 | 13.8 | 1.2 | $1,336 | $137 | $0 | $81 |
| 8260 W County Road 18, Lake Butler, FL 32054 | Lake Butler, FL | Single Family | -0.5% | $289,000 | $1,654 | $1,676 | $1,567 | 6.5% | -$22 | 14.6 | 1.1 | $1,430 | $159 | $0 | $87 |
| 119 SW June Gln, Lake City, FL 32024 | Lake City, FL | Single Family | -1.5% | $299,000 | $1,764 | $1,838 | $1,664 | 6.7% | -$74 | 14.1 | 1.1 | $1,551 | $187 | $0 | $100 |
| 570 SE Evergreen Dr, Lake City, FL 32025 | Lake City, FL | Single Family | -1.7% | $459,900 | $2,517 | $2,647 | $2,379 | 6.2% | -$130 | 15.2 | 1.0 | $2,275 | $234 | $0 | $138 |
| 173 SW Milkweed Ct, Lake City, FL 32024 | Lake City, FL | Single Family | -3.7% | $525,000 | $2,694 | $3,022 | $2,536 | 5.8% | -$328 | 16.2 | 1.0 | $2,597 | $267 | $0 | $158 |
| 630 SW Marigold Pl, Fort White, FL 32038 | Fort White, FL | Single Family | -10.0% | $675,000 | $2,702 | $3,829 | $2,499 | 4.4% | -$1,127 | 20.8 | 0.8 | $3,283 | $343 | $0 | $203 |
Cash on Cash Return: 161.0%
Price: $43,500
Rent: $1,430
Total Payment: $263
Cap Rate: 39.1%
Cash Flow: $1,167
GRM: 2.5
DSCR: 6.2
Location: Craig Ave
Last Updated: 01/01/1900
First Seen: 11/30/2024
This manufactured home on Craig Ave stands out due to its exceptional cash on cash return of 161.0%. With a price of $43,500 and a rental income of $1,430, this property offers a remarkable cap rate of 39.1%. The strong cash flow of $1,167 makes it an ideal investment for those looking to maximize their returns.
Cash on Cash Return: 40.4%
Price: $86,400
Rent: $1,104
Total Payment: $522
Cap Rate: 15.0%
Cash Flow: $582
GRM: 6.5
DSCR: 2.4
Location: Bennie Ln
Last Updated: 01/01/1900
First Seen: 11/30/2024
This property on Bennie Ln offers a solid cash on cash return of 40.4%. Priced at $86,400, it generates a rental income of $1,104, resulting in a cap rate of 15.0%. The cash flow of $582 indicates a stable investment opportunity in the growing Lulu market.
Cash on Cash Return: 30.4%
Price: $87,000
Rent: $1,017
Total Payment: $576
Cap Rate: 13.6%
Cash Flow: $441
GRM: 7.1
DSCR: 2.0
Location: Double Run Rd
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on Double Run Rd presents a cash on cash return of 30.4%. With a price of $87,000 and a rental income of $1,017, it offers a cap rate of 13.6%. The cash flow of $441 makes it a viable option for investors looking for rental properties in Lulu.
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. Similarly, 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 present low-risk investment opportunities in Lulu.
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 property on Craig Ave has a GRM of 2.5 and a DSCR of 6.2, indicating a strong investment potential.
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, if the property on Bennie Ln reduces its total payment by $100 through cost-saving measures, the cash flow could increase by a substantial margin.
Investing in condos versus single-family homes has its pros and cons. Condos may offer lower maintenance costs and higher cash flow potential, while single-family homes often appreciate better over time. The properties listed demonstrate that both types can yield strong returns, making them suitable for different investment strategies.
The investment properties highlighted above showcase the potential for high returns in Lulu. With strong cash flow, impressive cap rates, and favorable market conditions, Lulu stands out as an excellent choice for real estate investors. Don't miss out on these opportunities—contact us today for more information on these properties or to sign up for real-time updates on high-return investment properties in Lulu!
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