1121 Ricardo AveLady LakeFL32159
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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 Lady Lake at 1121 Ricardo Ave, Lady Lake, FL, 32159 offers $5,370/mo rent that, after a $1,705/mo payment, leaves $3,052/mo cash flow. Total monthly income is $5,370/mo, and annual cash flow is $36,626/yr on $115,495 cash. Return on cash invested measures 51.62% in year one, and rental yield stands at 18.5% at a $348,400 entry. Equity gained on principal adds $2,248/yr while 5% annual appreciation compounds into $96,257 by year five. Five-year ROI records 273.53% and total cumulative return in cash reaches $315,916. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,370/mo property income versus a $1,705/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
4,252 sqft lot
$N/A/sqft
$6 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32159, Lady Lake, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,860 (100%) |
| Owner Occupied HU | 13,610 (68.5%) |
| Renter Occupied HU | 3,064 (15.4%) |
| Vacant Housing Units | 3,186 (16.0%) |
| Median Home Value | $352,165 |
| Average Home Value | $367,814 |
Housing Distribution
Address Breakdown
Residential
18,353
Single Family
6,385
Multi-Family
11,968
Businesses
722
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