412 Niblick LnLake MaryFL32746
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 412 Niblick Ln, Lake Mary, FL, 32746 in Lake Mary at $235,000 earns $1,939/mo in rent and nets $147/mo after the $1,057/mo payment, a 9.9% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $64,926 over five years. Ziffy Mortgage underwrites this on a 1.83 DSCR without U.S. credit history. With $2,164/yr in principal paydown, total projected return reaches $113,984.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.0% |
| Monthly Cash Flow | $147 | $300 |
City averages based on Lake Mary market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,939 |
| Total Monthly Debt Service | $1,466 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1978
5,244 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32746, Lake Mary, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,109 (100%) |
| Owner Occupied HU | 11,363 (59.5%) |
| Renter Occupied HU | 6,806 (35.6%) |
| Vacant Housing Units | 940 ( 4.9%) |
| Median Home Value | $486,341 |
| Average Home Value | $559,537 |
Housing Distribution
Address Breakdown
Residential
19,489
Single Family
13,964
Multi-Family
5,525
Businesses
1,616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1978
5,244 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32746, Lake Mary, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,109 (100%) |
| Owner Occupied HU | 11,363 (59.5%) |
| Renter Occupied HU | 6,806 (35.6%) |
| Vacant Housing Units | 940 ( 4.9%) |
| Median Home Value | $486,341 |
| Average Home Value | $559,537 |
Housing Distribution
Address Breakdown
Residential
19,489
Single Family
13,964
Multi-Family
5,525
Businesses
1,616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices