109 Sarasota St, Lake Placid, FL, 33852 | $405/mo Cash Flow

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109 Sarasota St, Lake Placid, FL, 33852 | $405/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lake Placid at 109 Sarasota St, Lake Placid, FL, 33852 uses $48,034 cash to close to unlock $4,856/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $1,366/mo, and a $709/mo payment keeps the spread at $405/mo. Purchase price stands at $144,900, and rental yield measures 11.31% with $1,366/mo rent. Return on cash invested shows 30.02% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 157.69% and total cumulative return in cash records $75,745. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,366/mo property income covering a $709/mo payment rather than investor’s personal income.

Manufactured

Built in 1972

2.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome, this spacious mobile home offers 3 bedrooms and 2 bathrooms in the peaceful Sun 'n Lake Estate subdivision of Lake Placid! On a stunning 2.32-acre lot zoned AUperfect for those looking for space, flexibility, and a touch of country charm. Enjoy relaxing by your very own private pond stocked with fish, a serene feature that adds so much character to the property. Attached to the home is a former cabana that has been thoughtfully converted into a separate living space, complete with 1 bedroom, 1 bathroom, and a kitchenperfect for rental income or a cozy in-law suite. While the home may need a little TLC, the potential here is truly exciting. With plenty of land and a flexible layout, this property is a rare find! Don't miss this opportunitycome see the possibilities for yourself!

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