115A Bearwoods Ave #115ALake 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
Investment property for sale in Lake Placid at 115A Bearwoods Ave #115A, Lake Placid, FL, 33852 uses $41,438 cash to close to unlock $1,635/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $966/mo, and a $612/mo payment keeps the spread at $136/mo. Purchase price stands at $125,000, and rental yield measures 9.27% with $966/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 124.71% and total cumulative return in cash records $51,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $966/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 2008
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: Mark Joyce • Tropical Harbor Estates
Mls Name: My State MLS
Mls ID: #11640368