345 Belle Grove StreetLake 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 345 Belle Grove Street, Lake Placid, FL, 33852 with 5% annual appreciation on a $112,500 basis while $896/mo rent supports operations. Total monthly income totals $896/mo and a $551/mo payment preserves $149/mo for cash returns. Annual cash flow comes to $1,789/yr on $37,294 deployed, and return on cash invested reaches 24.71% in year one. Equity gained on principal adds $726/yr, and five-year appreciation sums $31,082 alongside rental yield of 9.56%. Five-year ROI measures 129.27% and total cumulative return in cash totals $48,208.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $896/mo property income versus a $551/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2005
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: Michael Berryhill • Morgando Realty Services, LLC
Mls Name: BeachesMLS
Mls ID: #F10529185