10 Lake Lorraine CirShalimarFL32579
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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 Shalimar at 10 Lake Lorraine Cir, Shalimar, FL, 32579 offers a 8.81% rental yield on a $486,000 purchase with $3,569/mo rent. Total monthly income registers $3,569/mo, and a $2,379/mo payment leaves $344/mo available for distribution. Annual cash flow reaches $4,123/yr on $161,109 to close, and return on cash invested stands at 22.47% in year one. Equity gained on principal adds $3,136/yr while 5% annual appreciation supports $134,273 over five years. Portfolio math shows five-year ROI at 117.16% and total cumulative return in cash at $188,752. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,569/mo property income against a $2,379/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32579, Shalimar, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 3,192 (65.5%) |
| Renter Occupied HU | 1,384 (28.4%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $499,269 |
| Average Home Value | $603,446 |
Housing Distribution
Address Breakdown
Residential
4,903
Single Family
4,280
Multi-Family
623
Businesses
321
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