508 Lake StInvernessFL34450
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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 Inverness at 508 Lake St, Inverness, FL, 34450 offers a 5.38% rental yield on a $370,000 purchase with $1,660/mo rent. 77% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 54.95% and total cumulative return in cash at $67,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,660/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34450, Inverness, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,538 (100%) |
| Owner Occupied HU | 4,512 (69.0%) |
| Renter Occupied HU | 1,078 (16.5%) |
| Vacant Housing Units | 948 (14.5%) |
| Median Home Value | $246,358 |
| Average Home Value | $277,330 |
Housing Distribution
Address Breakdown
Residential
5,938
Single Family
5,867
Multi-Family
71
Businesses
378
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Listed by: Jack E McLaughlin • Dennis Realty & Investment Corp.
Mls Name: HCMLS
Mls Provider:
Mls ID: #2254013
Disclaimer: This information is provided exclusively for consumers personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.