702 Turnberry LnLady 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
Investment property for sale in Lady Lake at 702 Turnberry Ln, Lady Lake, FL, 32159 uses $53,040 cash to close to unlock $1,912/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,221/mo, and a $783/mo payment keeps the spread at $159/mo. Purchase price stands at $160,000, and rental yield measures 9.16% with $1,221/mo rent. Return on cash invested shows 23.51% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 122.83% and total cumulative return in cash records $65,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,221/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
7,110 sqft 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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Listed by: Caylee Decleene LLC • SOUTH CEDAR REAL ESTATE, INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8366901
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511