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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lake Alfred at 771 Griffon Ave, Lake Alfred, FL, 33850 with 5% annual appreciation on a $309,680 basis while $2,728/mo rent supports operations. Total monthly income totals $2,728/mo and a $1,516/mo payment preserves $660/mo for cash returns. Annual cash flow comes to $7,916/yr on $102,659 deployed, and return on cash invested reaches 27.62% in year one. Equity gained on principal adds $1,998/yr, and five-year appreciation sums $85,559 alongside rental yield of 10.57%. Five-year ROI measures 144.83% and total cumulative return in cash totals $148,683.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,728/mo property income versus a $1,516/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
5,500 sqft lot
$N/A/sqft
$13 monthly HOA
Neighborhood data shown for ZIP Code: 33850, Lake Alfred, FL area.
| 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 |
Residential
4,175
Single Family
3,832
Multi-Family
343
Businesses
239
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Price change | $309,680 |
| 2024-08-19 | Price change | $321,370 |
| 2024-08-16 | Price change | $309,680 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $1014.86 | N/A | $52,000 | N/A |
| 2022-08-31 | N/A | N/A | N/A | N/A |
Listed by: Nancy Pruitt, PA • OLYMPUS EXECUTIVE REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5071434
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
