228 S Lake Shore WayLake AlfredFL33850
Nearby investment properties with comparable rents
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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
Rental property for sale in Lake Alfred at 228 S Lake Shore Way, Lake Alfred, FL, 33850 offers $1,507/mo rent that, after a $956/mo payment, leaves $134/mo cash flow. Total monthly income is $1,507/mo, and annual cash flow is $1,603/yr on $64,742 cash. Return on cash invested measures 22.38% in year one, and rental yield stands at 9.26% at a $195,300 entry. Equity gained on principal adds $1,260/yr while 5% annual appreciation compounds into $53,958 by year five. Five-year ROI records 117.25% and total cumulative return in cash reaches $75,908. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,507/mo property income versus a $956/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
10,585 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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