1035 Lake DrGrand IslandFL32735
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1035 Lake Dr, Grand Island, FL, 32735 in Grand Island at $148,500 earns $1,130/mo in rent and nets $145/mo after the $668/mo payment, a 9.13% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,028 over five years. Ziffy Mortgage underwrites this on a 1.69 DSCR without U.S. credit history. With $1,368/yr in principal paydown, total projected return reaches $65,924.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $145 | $300 |
City averages based on Grand Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,130 |
| Total Monthly Debt Service | $926 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1980
8,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32735, Grand Island, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 2,193 (82.3%) |
| Renter Occupied HU | 308 (11.6%) |
| Vacant Housing Units | 163 ( 6.1%) |
| Median Home Value | $360,988 |
| Average Home Value | $482,739 |
Housing Distribution
Address Breakdown
Residential
2,517
Single Family
2,244
Multi-Family
273
Businesses
51
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
Manufactured
Built in 1980
8,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32735, Grand Island, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 2,193 (82.3%) |
| Renter Occupied HU | 308 (11.6%) |
| Vacant Housing Units | 163 ( 6.1%) |
| Median Home Value | $360,988 |
| Average Home Value | $482,739 |
Housing Distribution
Address Breakdown
Residential
2,517
Single Family
2,244
Multi-Family
273
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Doss • RIGHT REALTY CONNECTION, INC.
Mls Name: Stellar MLS
Mls ID: #G5103536