118 Forest Dr #324LeesburgFL34788
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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 Leesburg at 118 Forest Dr #324, Leesburg, FL, 34788 uses $41,438 cash to close to unlock $2,019/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $998/mo, and a $612/mo payment keeps the spread at $168/mo. Purchase price stands at $125,000, and rental yield measures 9.58% with $998/mo rent. Return on cash invested shows 24.78% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 129.66% and total cumulative return in cash records $53,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $998/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34788, Leesburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,074 (100%) |
| Owner Occupied HU | 7,978 (72.0%) |
| Renter Occupied HU | 1,620 (14.6%) |
| Vacant Housing Units | 1,476 (13.3%) |
| Median Home Value | $245,420 |
| Average Home Value | $302,511 |
Housing Distribution
Address Breakdown
Residential
10,106
Single Family
9,102
Multi-Family
1,004
Businesses
360
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