238 Luke StFrostproofFL33843
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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 Frostproof at 238 Luke St, Frostproof, FL, 33843 uses $44,322 cash to close to unlock $2,246/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,074/mo, and a $654/mo payment keeps the spread at $187/mo. Purchase price stands at $133,700, and rental yield measures 9.64% with $1,074/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $36,939 over five years. Five-year ROI reaches 130.69% and total cumulative return in cash records $57,924. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,074/mo property income covering a $654/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33843, Frostproof, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,323 (100%) |
| Owner Occupied HU | 3,555 (56.2%) |
| Renter Occupied HU | 1,006 (15.9%) |
| Vacant Housing Units | 1,762 (27.9%) |
| Median Home Value | $151,901 |
| Average Home Value | $217,172 |
Housing Distribution
Address Breakdown
Residential
5,755
Single Family
5,504
Multi-Family
251
Businesses
267
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Listed by: Jennifer Daniell • LA ROSA REALTY PRESTIGE
Mls Name: Stellar MLS
Mls ID: #P4936323