112 Bimini St NELake PlacidFL33852
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
Investment Highlights
Rental property for sale in Lake Placid at 112 Bimini St NE, Lake Placid, FL, 33852 priced at $310,000 pairs $2,362/mo rent with $305/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,362/mo, and annual cash flow comes to $3,661/yr on $102,765 invested. Return on cash invested is 23.47% in year one, and rental yield stands at 9.14% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 122.57% and total cumulative return in cash reaches $125,959. For financing, Ziffy Mortgage’s DSCR program evaluates $2,362/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maylene Gonzalez • LPT Realty, LLC
Mls Name: MIAMI
Mls ID: #A11890920