630 E Thelma StLake AlfredFL33850
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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
Investment property for sale in Lake Alfred at 630 E Thelma St, Lake Alfred, FL, 33850 uses $112,677 cash to close to unlock $1,728/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,664/mo payment keeps the spread at $144/mo. Purchase price stands at $339,900, and rental yield measures 8.47% with $2,400/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 111.7% and total cumulative return in cash records $125,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,664/mo payment rather than investor’s personal income.
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
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Listed by: Monica Bouwers • STELLAR REAL ESTATE OF FLORIDA
Mls Name: Stellar MLS
Mls ID: #P4936283