116 Fairway CtLake PlacidFL33852
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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
Investment property for sale in Lake Placid at 116 Fairway Ct, Lake Placid, FL, 33852 offers a 9.3% rental yield on a $121,999 purchase with $945/mo rent. 03% in year one. Equity gained on principal adds $787/yr while 5% annual appreciation supports $33,706 over five years. Portfolio math shows five-year ROI at 80.53% and total cumulative return in cash at $32,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $945/mo property income against a $597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$300 monthly 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
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Listed by: Zachary Debono • All About Realty of Lake Placid INC
Mls Name: My State MLS
Mls ID: #11414065