403 S 2nd StLeesburgFL34748
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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 Leesburg at 403 S 2nd St, Leesburg, FL, 34748 uses $99,119 cash to close to unlock $1,167/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $2,081/mo, and a $1,463/mo payment keeps the spread at $97/mo. Purchase price stands at $299,000, and rental yield measures 8.35% with $2,081/mo rent. Return on cash invested shows 21.09% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 109.77% and total cumulative return in cash records $108,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,081/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1925
8,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34748, Leesburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,146 (100%) |
| Owner Occupied HU | 16,304 (64.8%) |
| Renter Occupied HU | 5,993 (23.8%) |
| Vacant Housing Units | 2,849 (11.3%) |
| Median Home Value | $298,763 |
| Average Home Value | $338,496 |
Housing Distribution
Address Breakdown
Residential
22,550
Single Family
14,469
Multi-Family
8,081
Businesses
1,365
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