45 Chickasaw StLake 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
Rental property for sale in Lake Placid at 45 Chickasaw St, Lake Placid, FL, 33852 offers $2,850/mo rent that, after a $3,081/mo payment. Total monthly income is $2,850/mo. Return on cash invested measures 12.06% in year one, and rental yield stands at 5.43% at a $629,500 entry. Equity gained on principal adds $4,062/yr while 5% annual appreciation compounds into $173,919 by year five. Five-year ROI records 61.43% and total cumulative return in cash reaches $127,234. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,850/mo property income versus a $3,081/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.35 Acres 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 Hanifen • BROWN AND COMPANY REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OK224251
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511