653 Holmes AveLake 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 653 Holmes Ave, Lake Placid, FL, 33852 at $239,500 posts ROI 24.41% with $298/mo cash flow from $1,901/mo rent. Total monthly income equals $1,901/mo, and annual cash flow records $3,577/yr on $79,394 to close. Return on cash invested measures 24.41% and rental yield reads 9.52% at the current $239,500. Equity gained on principal adds $1,545/yr, and 5% annual appreciation supports $66,169 by year five. Five-year ROI prints 127.72% and total cumulative return in cash totals $101,401.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,901/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
0.31 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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Nearby investment properties with comparable prices
Listed by: Holly Phillips • COLDWELL BANKER HIGHLANDS PROPERTIES-SEBRING
Mls Name: HFMLS
Mls ID: #317086
Disclaimer: Copyright Heartland Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.