237 Lime Rd NWLake 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 237 Lime Rd NW, Lake Placid, FL, 33852 with 5% annual appreciation on a $269,900 basis while $2,254/mo rent supports operations. Total monthly income totals $2,254/mo and a $1,321/mo payment preserves $463/mo for cash returns. Annual cash flow comes to $5,555/yr on $89,472 deployed, and return on cash invested reaches 26.12% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 10.02%. Five-year ROI measures 136.73% and total cumulative return in cash totals $122,334.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,254/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.26 Acres 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: Patricia Gale • CENTURY 21 Lake & Land Myers Realty
Mls Name: HFMLS
Mls ID: #321712