








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Lake Alfred at 1284 Hanoverian Dr, Lake Alfred, FL, 33850 priced at $389,505 pairs $2,728/mo rent with $130/mo cash flow after a $1,906/mo payment. Total monthly income equals $2,728/mo, and annual cash flow comes to $1,555/yr on $129,121 invested. Return on cash invested is 21.11% in year one, and rental yield stands at 8.4% on a $389,505 basis. Equity gained on principal adds $2,513/yr, and 5% annual appreciation accumulates to $107,613 by year five. Five-year ROI measures 109.93% and total cumulative return in cash reaches $141,945. For financing, Ziffy Mortgage’s DSCR program evaluates $2,728/mo property income against a $1,906/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
$14 monthly HOA
Neighborhood data shown for ZIP Code: 33850, Lake Alfred, FL area.
| 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 |
Residential
4,175
Single Family
3,832
Multi-Family
343
Businesses
239
Date | Event | Price |
|---|---|---|
| 2025-02-05 | Price change | $389,505 |
| 2025-01-09 | Price change | $391,505 |
| 2024-12-19 | Price change | $387,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $975.84 | N/A | $50,000 | N/A |
| 2022-02-13 | N/A | N/A | N/A | N/A |



Listed by: Paul King • DR HORTON REALTY OF CENTRAL FLORIDA LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6264160
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