2 Lake AveMary EstherFL32569
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mary Esther at 2 Lake Ave, Mary Esther, FL, 32569 priced at $259,000 pairs $2,293/mo rent with $574/mo cash flow after a $1,268/mo payment. Total monthly income equals $2,293/mo, and annual cash flow comes to $6,887/yr on $85,859 invested. Return on cash invested is 27.93% in year one, and rental yield stands at 10.62% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 146.42% and total cumulative return in cash reaches $125,716. For financing, Ziffy Mortgage’s DSCR program evaluates $2,293/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32569, Mary Esther, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,848 (100%) |
| Owner Occupied HU | 3,490 (59.7%) |
| Renter Occupied HU | 1,893 (32.4%) |
| Vacant Housing Units | 465 ( 8.0%) |
| Median Home Value | $383,658 |
| Average Home Value | $456,649 |
Housing Distribution
Address Breakdown
Residential
5,536
Single Family
5,418
Multi-Family
118
Businesses
544
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Listed by: Jacqueline L Riel • Coldwell Banker Realty
Mls Name: ECAOR
Mls ID: #990756