108 Park Ln #2024LeesburgFL34788
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $119,900, 108 Park Ln #2024, Leesburg, FL, 34788 in Leesburg generates $953/mo in rent (9.54% yield) but nets only $157/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.77) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $33,126. Total projected return: $55,884.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $157 | $1,200 |
City averages based on Leesburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $953 |
| Total Monthly Debt Service | $748 |
| DSCR Ratio | 1.27x |
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 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34788, Leesburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,074 (100%) |
| Owner Occupied HU | 7,978 (72.0%) |
| Renter Occupied HU | 1,620 (14.6%) |
| Vacant Housing Units | 1,476 (13.3%) |
| Median Home Value | $245,420 |
| Average Home Value | $302,511 |
Housing Distribution
Address Breakdown
Residential
10,106
Single Family
9,102
Multi-Family
1,004
Businesses
360
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 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34788, Leesburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,074 (100%) |
| Owner Occupied HU | 7,978 (72.0%) |
| Renter Occupied HU | 1,620 (14.6%) |
| Vacant Housing Units | 1,476 (13.3%) |
| Median Home Value | $245,420 |
| Average Home Value | $302,511 |
Housing Distribution
Address Breakdown
Residential
10,106
Single Family
9,102
Multi-Family
1,004
Businesses
360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices