188 Compass Lake DrAlfordFL32420
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 188 Compass Lake Dr, Alford, FL, 32420 in Alford offers a clean, manageable entry. Rental yield 7.76%. DSCR 1.44 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $49,454 in additional property value over five years, with $1,649/yr in principal equity building ownership stake. Total projected cumulative return: $66,339.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.2% |
| Monthly Cash Flow | $(30) | $300 |
City averages based on Alford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,158 |
| Total Monthly Debt Service | $1,117 |
| DSCR Ratio | 1.04x |
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.
Manufactured
Built in 2003
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32420, Alford, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 881 (67.6%) |
| Renter Occupied HU | 164 (12.6%) |
| Vacant Housing Units | 259 (19.9%) |
| Median Home Value | $200,839 |
| Average Home Value | $218,595 |
Housing Distribution
Address Breakdown
Residential
1,079
Single Family
1,079
Multi-Family
0
Businesses
35
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
Manufactured
Built in 2003
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32420, Alford, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 881 (67.6%) |
| Renter Occupied HU | 164 (12.6%) |
| Vacant Housing Units | 259 (19.9%) |
| Median Home Value | $200,839 |
| Average Home Value | $218,595 |
Housing Distribution
Address Breakdown
Residential
1,079
Single Family
1,079
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices