268 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
Rental property for sale in Lake Placid at 268 Serenade Dr, Lake Placid, FL, 33852 priced at $240,900 pairs $2,099/mo rent with $485/mo cash flow after a $1,179/mo payment. Total monthly income equals $2,099/mo, and annual cash flow comes to $5,817/yr on $79,858 invested. Return on cash invested is 27.19% in year one, and rental yield stands at 10.46% on a $240,900 basis. Equity gained on principal adds $1,554/yr, and 5% annual appreciation accumulates to $66,556 by year five. Five-year ROI measures 142.58% and total cumulative return in cash reaches $113,865. For financing, Ziffy Mortgage’s DSCR program evaluates $2,099/mo property income against a $1,179/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
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: Scott L Kline • Kline Real Estate Services
Mls Name: HFMLS
Mls ID: #319488
Disclaimer: Copyright Heartland Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.