221 Serenade 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 221 Serenade Dr, Lake Placid, FL, 33852 uses $49,692 cash to close to unlock $2,132/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,178/mo, and a $734/mo payment keeps the spread at $178/mo. Purchase price stands at $149,900, and rental yield measures 9.43% with $1,178/mo rent. Return on cash invested shows 24.2% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 126.51% and total cumulative return in cash records $62,867. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,178/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1974
8,790 sqft 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: Gina G Hawe • COMPTON REALTY
Mls Name: HFMLS
Mls ID: #313764
Disclaimer: Copyright Heartland Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.