3508 Stoneville 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 3508 Stoneville Dr, Alva, FL, 33920 priced at $370,385 converts $1,560/mo rent into after a $1,813/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 4.17% in year one, and rental yield reads 5.05% against a $370,385 entry. Equity gained on principal adds $2,390/yr, while 5% annual appreciation compiles into $102,331 by year five. Five-year ROI reaches 21.56% and total cumulative return in cash sums $26,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,813/mo payment, not borrower’s personal income.
Multi Family
Built in 2024
5,227 sqft lot
$N/A/sqft
$8,550 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: Amber Teeters • Pulte Realty Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224096229
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.