1719 Myrtle Beach DrLady LakeFL32159
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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 Lady Lake at 1719 Myrtle Beach Dr, Lady Lake, FL, 32159 priced at $185,000 converts $3,248/mo rent into $1,826/mo cash flow after a $905/mo obligation. Total monthly income equals $3,248/mo, and annual cash flow totals $21,909/yr on $61,328 invested. Return on cash invested prints 55.63% in year one, and rental yield reads 21.07% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 296.39% and total cumulative return in cash sums $181,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,248/mo property income covering a $905/mo payment, not borrower’s personal income.
Manufactured
Built in 1987
5,850 sqft lot
$N/A/sqft
$195 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32159, Lady Lake, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,860 (100%) |
| Owner Occupied HU | 13,610 (68.5%) |
| Renter Occupied HU | 3,064 (15.4%) |
| Vacant Housing Units | 3,186 (16.0%) |
| Median Home Value | $352,165 |
| Average Home Value | $367,814 |
Housing Distribution
Address Breakdown
Residential
18,353
Single Family
6,385
Multi-Family
11,968
Businesses
722
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Listed by: Shelly Shippam • FOUR STAR HOME BROKERS, INC.
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5082955
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511