154 Citrus Rd NELake 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 154 Citrus Rd NE, Lake Placid, FL, 33852 offers a 7.07% rental yield on a $489,900 purchase with $2,886/mo rent. 21% in year one. Equity gained on principal adds $3,161/yr while 5% annual appreciation supports $135,350 over five years. Portfolio math shows five-year ROI at 88.96% and total cumulative return in cash at $144,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,886/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
10,454 sqft 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: Calvin Morse • Integrity Real Estate LLC
Mls Name: HFMLS
Mls ID: #309989