28 Horseshoe LnLake 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 28 Horseshoe Ln, Lake Placid, FL, 33852 with 5% annual appreciation on a $124,900 basis while $968/mo rent supports operations. Total monthly income totals $968/mo and a $611/mo payment preserves $139/mo for cash returns. Annual cash flow comes to $1,674/yr on $41,404 deployed, and return on cash invested reaches 23.95% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 9.3%. Five-year ROI measures 125.17% and total cumulative return in cash totals $51,826.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $968/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1973
N/A 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: Mark Kaiser • The Mobile Home Dealer
Mls Name: NY State MLS
Mls ID: #11440254