201 Devon Way 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 201 Devon Way NE, Lake Placid, FL, 33852 with 5% annual appreciation on a $419,000 basis while $2,982/mo rent supports operations. Total monthly income totals $2,982/mo and a $2,051/mo payment preserves $199/mo for cash returns. Annual cash flow comes to $2,390/yr on $138,899 deployed, and return on cash invested reaches 21.63% in year one. Equity gained on principal adds $2,704/yr, and five-year appreciation sums $115,762 alongside rental yield of 8.54%. Five-year ROI measures 112.68% and total cumulative return in cash totals $156,509.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,982/mo property income versus a $2,051/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
0.51 Acres lot
$N/A/sqft
$25 annually 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: Colin Fletcher • COMPTON REALTY
Mls Name: HFMLS
Mls ID: #316573
Disclaimer: Copyright Heartland Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.