105 Detroit Ave NELake 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 105 Detroit Ave NE, Lake Placid, FL, 33852 generates $2,002/mo in rent and, after a $1,101/mo payment, leaves $507/mo in cash flow. Total monthly income is $2,002/mo, and annual cash flow is $6,084/yr on $74,588 invested. Return on cash invested sits at 28.07% in year one, and rental yield is 10.68% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 147.25% and total cumulative return in cash sums $109,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,002/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
0.46 Acres lot
$N/A/sqft
$25 annually 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: Suzanne Stone • ADVANTAGE REALTY #1
Mls Name: HFMLS
Mls ID: #317111
Disclaimer: Copyright Heartland Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.