1036 Griffon AveLake AlfredFL33850
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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
Rental property for sale in Lake Alfred at 1036 Griffon Ave, Lake Alfred, FL, 33850 priced at $432,271 converts $2,728/mo rent into after a $2,116/mo obligation. Total monthly income equals $2,728/mo. Return on cash invested prints 18.62% in year one, and rental yield reads 7.57% against a $432,271 entry. Equity gained on principal adds $2,789/yr, while 5% annual appreciation compiles into $119,429 by year five. Five-year ROI reaches 96.58% and total cumulative return in cash sums $138,392. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,728/mo property income covering a $2,116/mo payment, not borrower’s personal income.
Single Family
Built in 2023
5,500 sqft lot
$N/A/sqft
$13 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33850, Lake Alfred, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,076 (100%) |
| Owner Occupied HU | 3,644 (71.8%) |
| Renter Occupied HU | 843 (16.6%) |
| Vacant Housing Units | 589 (11.6%) |
| Median Home Value | $276,374 |
| Average Home Value | $301,478 |
Housing Distribution
Address Breakdown
Residential
4,175
Single Family
3,832
Multi-Family
343
Businesses
239
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Listed by: Nancy Pruitt, PA • OLYMPUS EXECUTIVE REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5069301
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