2474 County Road 423 LOT 29Lake PanasoffkeeFL33538
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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 Panasoffkee at 2474 County Road 423 LOT 29, Lake Panasoffkee, FL, 33538 listed at $234,000 pairs $1,980/mo rent with a $1,145/mo payment to leave $427/mo cash flow. Total monthly income runs $1,980/mo, and annual cash flow reaches $5,129/yr on $77,571 cash to close. Return on cash invested measures 26.52% in year one, and rental yield registers 10.15% at a $234,000 basis. Equity gained on principal adds $1,510/yr, and annual property appreciation at 5% supports $64,650 by year five. Five-year ROI tracks 138.91% and total cumulative return in cash totals $107,751. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,980/mo property income relative to a $1,145/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33538, Lake Panasoffkee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,984 (100%) |
| Owner Occupied HU | 1,740 (58.3%) |
| Renter Occupied HU | 554 (18.6%) |
| Vacant Housing Units | 690 (23.1%) |
| Median Home Value | $163,971 |
| Average Home Value | $220,272 |
Housing Distribution
Address Breakdown
Residential
2,271
Single Family
2,271
Multi-Family
0
Businesses
110
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Listed by: Kody Ondriezek • FLAMINGO REAL ESTATE & MNGMT
Mls Name: Stellar MLS
Mls ID: #G5105945