562 Washington PlLake 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
Investment property for sale in Lake Placid at 562 Washington Pl, Lake Placid, FL, 33852 uses $155,474 cash to close to unlock $11,654/yr annual cash flow and $971/mo monthly cash flow. Total monthly income runs $4,084/mo, and a $2,296/mo payment keeps the spread at $971/mo. Purchase price stands at $469,000, and rental yield measures 10.45% with $4,084/mo rent. Return on cash invested shows 27.4% in year one, and 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 143.64% and total cumulative return in cash records $223,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,084/mo property income covering a $2,296/mo payment rather than investor’s personal income.
Single Family
Built in 2009
0.69 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: Christopher Duncan • The Pipal Group
Mls Name: My State MLS
Mls ID: #11603816