15 Lake Lorraine CirShalimarFL32579
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 15 Lake Lorraine Cir, Shalimar, FL, 32579 in Shalimar: $3,467/mo in rent, $587/mo in net income, 9.59% gross yield, 1.78 DSCR, all at $433,999. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $119,906 in appreciation and $3,997/yr in principal paydown projects total cumulative return of $203,186.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.5% |
| Monthly Cash Flow | $587 | $1,500 |
City averages based on Shalimar market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,467 |
| Total Monthly Debt Service | $2,707 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
10,454 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1979
10,454 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices