502 Palo Verde DrLeesburgFL34748
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
Investment Highlights
Investment property for sale in Leesburg at 502 Palo Verde Dr, Leesburg, FL, 34748 uses $59,637 cash to close to unlock $2,132/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,372/mo, and a $881/mo payment keeps the spread at $178/mo. Purchase price stands at $179,900, and rental yield measures 9.15% with $1,372/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 122.62% and total cumulative return in cash records $73,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,372/mo property income covering a $881/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
4,800 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices