650 E Grapefruit AveLake 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 650 E Grapefruit Ave, Lake Alfred, FL, 33850 earns from $1,314/mo rent with a $2,377/mo payment. Total monthly income totals $1,314/mo. ROI tracks 5.68% on current figures, and rental yield reads 3.25% at a $485,599 purchase. Equity gained on principal adds $3,133/yr, and 5% annual appreciation supports $134,162 over five years. Five-year ROI reaches 27.15% and total cumulative return in cash sums $43,702. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,314/mo property income instead of your personal income.
Multi Family
Built in 2023
7,250 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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Listed by: Ahmad El-Atrache • THE REAL ESTATE COLLECTION LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6225088
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511