1510 Clarendon StLake 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
Rental property for sale in Lake Placid at 1510 Clarendon St, Lake Placid, FL, 33852 priced at $358,400 converts $2,549/mo rent into $171/mo cash flow after a $1,754/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $2,049/yr on $118,810 invested. Return on cash invested prints 21.63% in year one, and rental yield reads 8.53% against a $358,400 entry. Equity gained on principal adds $2,313/yr, while 5% annual appreciation compiles into $99,019 by year five. Five-year ROI reaches 112.68% and total cumulative return in cash sums $133,871. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $1,754/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.26 Acres lot
$N/A/sqft
No 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: #11540900