608 Jupiter Ave NW · Lake Placid, FL 33852

$235,000

4 bd · 4.0 ba · 1,928 sqft · Townhouse public records · 65 Days on market

Built 1981 10,000 sqft lot

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.9/30.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• DSCR +3.5/10.0
• Livability +3.4/5.0
• 1% rule +3.1/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover a fantastic opportunity to own a full duplex in the desirable Placid Lakes community of Lake Placid. With both side vacant, this property is perfect for an owner-occupant or investor—live in one unit while generating income from the other. Both units feature identical layouts with two spacious bedrooms and two full bathrooms, complete with tile flooring throughout for easy maintenance. The galley kitchen opens to a bright dining and living area, with sliding glass doors leading to the backyard. Each unit also includes a private laundry room. Situated on nearly a quarter-acre, this well-maintained duplex offers space, privacy, and flexibility. Residents of Placid Lakes enjoy access to Lake June-in-Winter for boating, fishing, and outdoor recreation, along with a private park and boat ramp. Known for its charm and affordability, Lake Placid offers a relaxed Central Florida lifestyle with small-town appeal and easy access to major destinations. A versatile investment in a growing, sought-after area. $1,000 Lender Credit Available, inquire today! Also Listed as Residential Duplex in MLS# 324642

Key facts

• Full duplex
• Private laundry room
• Private park

Tags

• FULL DUPLEX
• PLACID LAKES COMMUNITY
• PRIVATE LAUNDRY ROOM
• LAKE JUNE-IN-WINTER ACCESS
• PRIVATE PARK
• BOAT RAMP

Property features AI

Finance

• Other: Zoning: R2; Located in the Placid Lakes subdivision

Exterior

• Parking: Driveway; On-street parking
• Utilities: Public water; Septic tank sewer
• Home design: Residential income property (apartment); One story
• Construction: Block and concrete construction; Shingle roof
• Exterior features: Paved road frontage; Frontage length about 80 feet; No pool

Interior

• Bedrooms: Two-bedroom units (2 bedrooms in one unit, 2 bedrooms in second unit)
• Flooring: Tile flooring
• Bathrooms: Four full bathrooms total (two in each unit)
• Heating & cooling: Central heating (electric); Central electric cooling
• Interior features: Ceiling fan(s); Blinds

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath townhouse listed at $235k.

Deal economics

• At list price, monthly cash flow is $-59 ($-705/yr) — negative.
• To cash-flow at today's rent, offer at most $225k (4.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $191k (18.9% below list).
• Recommended offer: $191k (18.9% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 3.7% in Lake Placid — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#525 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D+, amenities F, commute F.
• Highlands (other): math 45% / reading 43% proficiency, ranked #54 of 73 in FL (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 1488 active listings in the ZIP; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).
• This rent runs 42% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($221k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $148k; list at $235k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $190,599 (18.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 5.99%
• Cash-on-cash: -1.07%
• DSCR: 0.95
• GRM: 10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.82% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.30×
• Total profit: $-45,920
• Equity at exit: $35,039

10-year hold

• IRR: -19.1%
• Equity multiple: 0.07×
• Total profit: $-60,907
• Equity at exit: $20,319

Cash invested: $65,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33852

• Rents YoY: 0.8%
• Active inventory: 1488
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,906 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$234 /mo · $2,810/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-59

Break-even live

Break-even rent $1,980

Max offer price $224,626

Occupancy floor 98%

Sensitivity live

Price	-10% $74	-5% $8	+0% $-59	+5% $-125	+10% $-192
Rent	-10% $-209	-5% $-134	+0% $-59	+5% $17	+10% $92
Rate	-1.0pp $60	-0.5pp $1	base $-59	+0.5pp $-120	+1.0pp $-182

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2026-06-19
   days on market $235,000 Active 65 DOM
2. 2026-06-18
   days on market $235,000 Active 64 DOM
3. 2026-06-17
   days on market $235,000 Active 63 DOM
4. 2026-06-16
   days on market $235,000 Active 62 DOM
5. 2026-06-15
   days on market $235,000 Active 61 DOM
6. 2026-06-14
   days on market $235,000 Active 59 DOM
7. 2026-06-10
   days on market $235,000 Active 56 DOM
8. 2026-06-09
   days on market $235,000 Active 55 DOM
9. 2026-06-08
   days on market $235,000 Active 54 DOM
10. 2026-06-07
    days on market $235,000 Active 53 DOM
11. 2026-06-02
    days on market $235,000 Active 48 DOM
12. 2026-06-01
    days on market $235,000 Active 47 DOM
13. 2026-05-31
    days on market $235,000 Active 46 DOM
14. 2026-05-30
    days on market $235,000 Active 45 DOM
15. 2026-04-15
    listed $235,000 Active 1122-char remark

    Show marketing remark (1122 chars)

    Discover a fantastic opportunity to own a full duplex in the desirable Placid Lakes community of Lake Placid. With both side vacant, this property is perfect for an owner-occupant or investor—live in one unit while generating income from the other. Both units feature identical layouts with two spacious bedrooms and two full bathrooms, complete with tile flooring throughout for easy maintenance. The galley kitchen opens to a bright dining and living area, with sliding glass doors leading to the backyard. Each unit also includes a private laundry room. Situated on nearly a quarter-acre, this well-maintained duplex offers space, privacy, and flexibility. Residents of Placid Lakes enjoy access to Lake June-in-Winter for boating, fishing, and outdoor recreation, along with a private park and boat ramp. Known for its charm and affordability, Lake Placid offers a relaxed Central Florida lifestyle with small-town appeal and easy access to major destinations. A versatile investment in a growing, sought-after area. $1,000 Lender Credit Available, inquire today! Also Listed as Residential Duplex in MLS# 324642

16. 2026-04-15
    listed $235,000 Active

    Show marketing remark (1122 chars)

    Discover a fantastic opportunity to own a full duplex in the desirable Placid Lakes community of Lake Placid. With both side vacant, this property is perfect for an owner-occupant or investor—live in one unit while generating income from the other. Both units feature identical layouts with two spacious bedrooms and two full bathrooms, complete with tile flooring throughout for easy maintenance. The galley kitchen opens to a bright dining and living area, with sliding glass doors leading to the backyard. Each unit also includes a private laundry room. Situated on nearly a quarter-acre, this well-maintained duplex offers space, privacy, and flexibility. Residents of Placid Lakes enjoy access to Lake June-in-Winter for boating, fishing, and outdoor recreation, along with a private park and boat ramp. Known for its charm and affordability, Lake Placid offers a relaxed Central Florida lifestyle with small-town appeal and easy access to major destinations. A versatile investment in a growing, sought-after area. $1,000 Lender Credit Available, inquire today! Also Listed as Residential Duplex in MLS# 324642

17. 2026-01-22
    price $249,000
18. 2026-01-22
    price $249,900
19. 2025-12-30
    price $259,000
20. 2025-12-30
    price $259,000
21. 2025-12-15
    price $269,000
22. 2025-12-15
    price $269,000
23. 2025-11-26
    price $284,500
24. 2025-11-20
    price $284,500
25. 2025-10-27
    price $289,000
26. 2025-10-24
    price $289,000
27. 2021-05-13
    soldstatus $148,500
28. 2021-05-07
    soldstatus $148,500
29. 2021-01-12
    listed $149,900
30. 2020-03-03
    soldstatus $130,000
31. 2017-05-11
    soldstatus $3,862,500
32. 2015-01-22
    soldstatus $36,750
33. 2014-07-30
    listed $46,500
34. 2005-05-31
    soldstatus $100,000
35. 2002-01-11
    soldstatus $58,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,810 · $234/mo
• Projected year-2 tax: $2,810 · $234/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,872
• − Mortgage interest: −$13,164
• − Property taxes: −$2,810
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,830
• − Management: −$1,830
• − Depreciation: −$6,836
• Taxable loss: −$4,773
• Est. tax savings @ 24.0%: +$1,145
• After-tax cash flow: $441/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Highlands
• NCES district ID: 1200840
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $35,276
• Composite: 36.42/100
• National rank: #4672
• State rank: #54 of 73 in FL

Livability — Lake Placid

• Score: 68/100
• State rank: #525
• US rank: #9813

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing B- Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Highlands County · 98,898 people
• City population: 22,600
• Metro: Sebring-Avon Park, FL
• Population (ZIP): 22,600
• Household income: $54,284
• Rent vs Own: 18.6% rent · 81.4% own
• Severe rent burden: 439.0

Population outlook (Highlands County) Hauer SSP2

• Today (2025): 99,674 people
• By 2030: 99,615 · -0.1%
• By 2040: 99,342 · -0.3%
• By 2050: 98,242 · -1.4%
• By 2075: 93,291 · -6.4%
• By 2100: 79,894 · -19.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 22% Two or more races 11% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 3% Cuban 3%
• Common ancestry: Lithuanian 2% Slovak 2% Iranian 1%
• Foreign-born: 14% · Canada, Dominican Republic
• Languages at home: 79% English-only · Spanish 19% Tagalog/Filipino 1%

Political lean MEDSL · Highlands

• 2024 margin: Solid R (+40.8) · D 29.3% · R 70.1%
• 2008→2024 swing: -22.7pp toward R · 2008: -18.1pp · 2024: -40.8pp
• All cycles: 2024: R+40.8 2020: R+34.4 2016: R+32.0 2012: R+23.0 2008: R+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -203.31%
• Current HPI: 224.8693
• Rent YoY: ▲ 0.82%
• Metro: Sebring-Avon Park, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+299.0% since first listed

21 events — show timeline

• 2026-04-15 Listed $235,000 HAOR as distributed by MLS GRID
• 2026-04-15 Listed $235,000 HAOR as distributed by MLS GRID
• 2026-01-22 Price Changed $249,000 HAOR as distributed by MLS GRID
• 2026-01-22 Price Changed $249,900 HAOR as distributed by MLS GRID
• 2025-12-30 Price Changed $259,000 HAOR as distributed by MLS GRID
• 2025-12-30 Price Changed $259,000 HAOR as distributed by MLS GRID
• 2025-12-15 Price Changed $269,000 HAOR as distributed by MLS GRID
• 2025-12-15 Price Changed $269,000 HAOR as distributed by MLS GRID
• 2025-11-26 Price Changed $284,500 HAOR as distributed by MLS GRID
• 2025-11-20 Price Changed $284,500 HAOR as distributed by MLS GRID
• 2025-10-27 Price Changed $289,000 HAOR as distributed by MLS GRID
• 2025-10-24 Price Changed $289,000 HAOR as distributed by MLS GRID
• 2021-05-13 Sold (Public Records) $148,500 Public Records
• 2021-05-07 Sold (MLS) $148,500 HAOR as distributed by MLS GRID
• 2021-01-12 Listed $149,900 HAOR as distributed by MLS GRID
• 2020-03-03 Sold (Public Records) $130,000 Public Records
• 2017-05-11 Sold (Public Records) $3,862,500 Public Records
• 2015-01-22 Sold (MLS) $36,750 HAOR as distributed by MLS GRID
• 2014-07-30 Listed $46,500 HAOR as distributed by MLS GRID
• 2005-05-31 Sold (Public Records) $100,000 Public Records
• 2002-01-11 Sold (Public Records) $58,900 Public Records

Property tax history

+11.0%/yr

Latest (2025): $2,810 · +3.8% YoY. Source: county tax records.