1496 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 1496 Melrose St, Lake Alfred, FL, 33850 listed at $426,805 pairs $2,658/mo rent with a $2,089/mo payment. Total monthly income runs $2,658/mo. Return on cash invested measures 18.43% in year one, and rental yield registers 7.47% at a $426,805 basis. Equity gained on principal adds $2,754/yr, and annual property appreciation at 5% supports $117,918 by year five. Five-year ROI tracks 95.5% and total cumulative return in cash totals $135,115. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,658/mo property income relative to a $2,089/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
N/A 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: N/A • Highland Homes
Mls Name: Highland Homes FL
Mls Provider:
Mls ID: #N/A