203 Stephen Dr #203Lake 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 203 Stephen Dr #203, Lake Placid, FL, 33852 earns $227/mo cash flow from $1,348/mo rent with a $827/mo payment. Total monthly income totals $1,348/mo, and annual cash flow totals $2,720/yr on $56,024 capital. ROI tracks 24.76% on current figures, and rental yield reads 9.57% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 129.49% and total cumulative return in cash sums $72,547. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,348/mo property income instead of your personal income.
Townhouse
Built in 1990
N/A 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: Eve Brock • Eve Brock's Florida Realty
Mls Name: HFMLS
Mls ID: #316385