630 E Thelma StLake AlfredFL33850
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 630 E Thelma St, Lake Alfred, FL, 33850 in Lake Alfred is narrow, $144/mo net on $2,400/mo rent after the $1,528/mo debt service, but the property operates at break-even-plus, not a loss. At $339,900 with a 8.47% yield, the long-run equity case via 5% appreciation ($93,908 over five years) and $3,131/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.57 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $138,914.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $144 | $300 |
City averages based on Lake Alfred market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,400 |
| Total Monthly Debt Service | $2,120 |
| DSCR Ratio | 1.13x |
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 1975
0.25 Acres 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
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 1975
0.25 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica Bouwers • STELLAR REAL ESTATE OF FLORIDA
Mls Name: Stellar MLS
Mls ID: #P4936283