194 Mandolin DrLake 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 194 Mandolin Dr, Lake Placid, FL, 33852 offers a 10.52% rental yield on a $499,000 purchase with $4,373/mo rent. Total monthly income registers $4,373/mo, and a $2,442/mo payment leaves $1,062/mo available for distribution. Annual cash flow reaches $12,743/yr on $165,419 to close, and return on cash invested stands at 27.61% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 144.72% and total cumulative return in cash at $239,394. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,373/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.36 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: Shannon Gadbois • THOMAS RYAN REAL ESTATE MANAGE
Mls Name: Stellar MLS
Mls ID: #C7518965