1340 Lake DrGrand IslandFL32735
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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
Rental property for sale in Grand Island at 1340 Lake Dr, Grand Island, FL, 32735 generates $1,176/mo in rent and, after a $729/mo payment, leaves $188/mo in cash flow. Total monthly income is $1,176/mo, and annual cash flow is $2,252/yr on $49,360 invested. Return on cash invested sits at 24.47% in year one, and rental yield is 9.48% on a $148,900 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,138 over five years. Five-year ROI reaches 127.92% and total cumulative return in cash sums $63,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,176/mo property income rather than buyer’s personal income.
Manufactured
Built in 1981
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32735, Grand Island, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 2,193 (82.3%) |
| Renter Occupied HU | 308 (11.6%) |
| Vacant Housing Units | 163 ( 6.1%) |
| Median Home Value | $360,988 |
| Average Home Value | $482,739 |
Housing Distribution
Address Breakdown
Residential
2,517
Single Family
2,244
Multi-Family
273
Businesses
51
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Listed by: Kendall Vansant • OLYMPUS EXECUTIVE REALTY INC
Mls Name: Stellar MLS
Mls ID: #G5101062