943 Bakewell Ct APT 207Lake MaryFL32746
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 943 Bakewell Ct APT 207, Lake Mary, FL, 32746 in Lake Mary deserves attention. This $220,900 property earns $3,083/mo in rent, a 16.75% gross yield, and nets $1,564/mo after the $993/mo payment. DSCR 3.10 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $61,031 compounds alongside $2,035/yr in yearly equity build, for a total cumulative return of $185,134.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.8% | 6.0% |
| Monthly Cash Flow | $1,564 | $300 |
City averages based on Lake Mary market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,083 |
| Total Monthly Debt Service | $1,431 |
| DSCR Ratio | 2.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
890 sqft lot
$N/A/sqft
$18 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32746, Lake Mary, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,109 (100%) |
| Owner Occupied HU | 11,363 (59.5%) |
| Renter Occupied HU | 6,806 (35.6%) |
| Vacant Housing Units | 940 ( 4.9%) |
| Median Home Value | $486,341 |
| Average Home Value | $559,537 |
Housing Distribution
Address Breakdown
Residential
19,489
Single Family
13,964
Multi-Family
5,525
Businesses
1,616
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
Condo
Built in 1985
890 sqft lot
$N/A/sqft
$18 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32746, Lake Mary, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,109 (100%) |
| Owner Occupied HU | 11,363 (59.5%) |
| Renter Occupied HU | 6,806 (35.6%) |
| Vacant Housing Units | 940 ( 4.9%) |
| Median Home Value | $486,341 |
| Average Home Value | $559,537 |
Housing Distribution
Address Breakdown
Residential
19,489
Single Family
13,964
Multi-Family
5,525
Businesses
1,616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices