617 Star Fruit AveLake 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 617 Star Fruit Ave, Lake Placid, FL, 33852 offers a 9.25% rental yield on a $319,000 purchase with $2,459/mo rent. Total monthly income registers $2,459/mo, and a $1,561/mo payment leaves $340/mo available for distribution. Annual cash flow reaches $4,084/yr on $105,749 to close, and return on cash invested stands at 23.77% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 124.17% and total cumulative return in cash at $131,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,459/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
$25 annually 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: Denise Brantley • Paradise Real Estate International LLC
Mls Name: HFMLS
Mls ID: #316165
Disclaimer: Copyright Heartland Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.