116 Oak Grove St, Lake Placid, FL, 33852 | $558/mo Cash Flow

For Sale

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

Rental property for sale in Lake Placid at 116 Oak Grove St, Lake Placid, FL, 33852 priced at $224,900 converts $2,154/mo rent into $558/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,154/mo, and annual cash flow totals $6,700/yr on $74,554 invested. Return on cash invested prints 28.9% in year one, and rental yield reads 11.49% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 152.25% and total cumulative return in cash sums $113,509. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,154/mo property income covering a $1,101/mo payment, not borrower’s personal income.

Single Family

Built in 2001

6,969 sqft lot

$N/A/sqft

$103 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