3049 Morning Glory 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
Investment property for sale in Lake Placid at 3049 Morning Glory Dr, Lake Placid, FL, 33852 uses $84,533 cash to close to unlock $5,278/yr annual cash flow and $440/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,248/mo payment keeps the spread at $440/mo. Purchase price stands at $255,000, and rental yield measures 10.03% with $2,132/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 136.93% and total cumulative return in cash records $115,748. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 2006
10,018 sqft 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: #317248