3408 Chestnut Grove DrAlvaFL33920
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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 Alva at 3408 Chestnut Grove Dr, Alva, FL, 33920 priced at $863,000 pairs $2,880/mo rent with after a $4,224/mo payment. Total monthly income equals $2,880/mo. Return on cash invested is 3.97% in year one, and rental yield stands at 4% on a $863,000 basis. Equity gained on principal adds $5,569/yr, and 5% annual appreciation accumulates to $238,431 by year five. Five-year ROI measures 19.39% and total cumulative return in cash reaches $55,055. For financing, Ziffy Mortgage’s DSCR program evaluates $2,880/mo property income against a $4,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
0.42 Acres lot
$N/A/sqft
$11,528 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33920, Alva, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,574 (100%) |
| Owner Occupied HU | 2,800 (78.3%) |
| Renter Occupied HU | 342 ( 9.6%) |
| Vacant Housing Units | 432 (12.1%) |
| Median Home Value | $518,293 |
| Average Home Value | $634,313 |
Housing Distribution
Address Breakdown
Residential
4,026
Single Family
3,831
Multi-Family
195
Businesses
167
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Listed by: Leonor Enguita • Equity Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224101105
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.