61 Pinecrest StLake 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
Rental property for sale in Lake Placid at 61 Pinecrest St, Lake Placid, FL, 33852 priced at $175,000 pairs $1,717/mo rent with $555/mo cash flow after a $857/mo payment. Total monthly income equals $1,717/mo, and annual cash flow comes to $6,663/yr on $58,013 invested. Return on cash invested is 31.39% in year one, and rental yield stands at 11.77% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 165.08% and total cumulative return in cash reaches $95,767. For financing, Ziffy Mortgage’s DSCR program evaluates $1,717/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2008
5,662 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Frantz • LPT Realty LLC
Mls Name: HFMLS
Mls ID: #319599