103 Lime Rd NWLake PlacidFL33852
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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
Rental property for sale in Lake Placid at 103 Lime Rd NW, Lake Placid, FL, 33852 offers $2,842/mo rent that, after a $1,950/mo payment, leaves $191/mo cash flow. Total monthly income is $2,842/mo, and annual cash flow is $2,296/yr on $132,103 cash. Return on cash invested measures 21.65% in year one, and rental yield stands at 8.56% at a $398,500 entry. Equity gained on principal adds $2,571/yr while 5% annual appreciation compounds into $110,098 by year five. Five-year ROI records 112.78% and total cumulative return in cash reaches $148,981. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,842/mo property income versus a $1,950/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33852, Lake Placid, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,836 (100%) |
| Owner Occupied HU | 8,147 (58.9%) |
| Renter Occupied HU | 1,867 (13.5%) |
| Vacant Housing Units | 3,822 (27.6%) |
| Median Home Value | $257,946 |
| Average Home Value | $293,604 |
Housing Distribution
Address Breakdown
Residential
12,137
Single Family
11,465
Multi-Family
672
Businesses
523
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Listed by: Rebecca Fockler Musgrave • All About Realty of Lake Placid INC
Mls Name: My State MLS
Mls ID: #11331172