602 3rd AveLady LakeFL32159
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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 Lady Lake at 602 3rd Ave, Lady Lake, FL, 32159 generates $1,841/mo in rent and, after a $1,174/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,841/mo, and annual cash flow is $2,990/yr on $79,527 invested. Return on cash invested sits at 23.67% in year one, and rental yield is 9.21% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 123.63% and total cumulative return in cash sums $98,323. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,841/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32159, Lady Lake, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,860 (100%) |
| Owner Occupied HU | 13,610 (68.5%) |
| Renter Occupied HU | 3,064 (15.4%) |
| Vacant Housing Units | 3,186 (16.0%) |
| Median Home Value | $352,165 |
| Average Home Value | $367,814 |
Housing Distribution
Address Breakdown
Residential
18,353
Single Family
6,385
Multi-Family
11,968
Businesses
722
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