509 Bear RdLake PlacidFL33852
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 Lake Placid at 509 Bear Rd, Lake Placid, FL, 33852 earns from $4,842/mo rent with a $5,506/mo payment. Total monthly income totals $4,842/mo. ROI tracks 11.47% on current figures, and rental yield reads 5.16% at a $1,125,000 purchase. Equity gained on principal adds $7,259/yr, and 5% annual appreciation supports $310,817 over five years. Five-year ROI reaches 58.18% and total cumulative return in cash sums $212,072. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,842/mo property income instead of your personal income.
Single Family
Built in 1997
10.56 Acres lot
$N/A/sqft
$80 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl Brantley • BRANTLEY PROPERTIES INC.
Mls Name: HFMLS
Mls ID: #315366
Disclaimer: Copyright Heartland Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.