1364 Melrose StLake 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
Investment property for sale in Lake Alfred at 1364 Melrose St, Lake Alfred, FL, 33850 earns $200/mo cash flow from $2,760/mo rent with a $1,888/mo payment. Total monthly income totals $2,760/mo, and annual cash flow totals $2,401/yr on $127,896 capital. ROI tracks 21.79% on current figures, and rental yield reads 8.58% at a $385,810 purchase. Equity gained on principal adds $2,490/yr, and 5% annual appreciation supports $106,592 over five years. Five-year ROI reaches 113.53% and total cumulative return in cash sums $145,201. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,760/mo property income instead of your personal income.
Single Family
Built in 2025
9,148 sqft lot
$N/A/sqft
No 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: George Lindsey, III • CAMBRIDGE REALTY OF CENTRAL FL
Mls Name: Stellar MLS
Mls ID: #L4958393