236 Rhapsody AveLake 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 236 Rhapsody Ave, Lake Placid, FL, 33852 uses $62,952 cash to close to unlock $7,022/yr annual cash flow and $585/mo monthly cash flow. Total monthly income runs $1,862/mo, and a $929/mo payment keeps the spread at $585/mo. Purchase price stands at $189,900, and rental yield measures 11.77% with $1,862/mo rent. Return on cash invested shows 31.06% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 163.43% and total cumulative return in cash records $102,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,862/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1989
10,018 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: Tania Bobe • LPT Realty LLC
Mls Name: HFMLS
Mls ID: #313792
Disclaimer: Copyright Heartland Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.