117 Country Club Dr UNIT 203Lake 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 117 Country Club Dr UNIT 203, Lake Placid, FL, 33852 earns $778/mo cash flow from $1,842/mo rent with a $514/mo payment. Total monthly income totals $1,842/mo, and annual cash flow totals $9,341/yr on $34,808 capital. ROI tracks 46.75% on current figures, and rental yield reads 21.05% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Five-year ROI reaches 251.99% and total cumulative return in cash sums $87,710. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,842/mo property income instead of your personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$1,100 quarterly 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: Steve Fruit • RE/MAX REALTY PLUS
Mls Name: HFMLS
Mls ID: #305784