883 Galloway 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
Rental property for sale in Lake Alfred at 883 Galloway St, Lake Alfred, FL, 33850 offers $2,332/mo rent that, after a $1,492/mo payment, leaves $309/mo cash flow. Total monthly income is $2,332/mo, and annual cash flow is $3,708/yr on $101,074 cash. Return on cash invested measures 23.58% in year one, and rental yield stands at 9.18% at a $304,900 entry. Equity gained on principal adds $1,967/yr while 5% annual appreciation compounds into $84,238 by year five. Five-year ROI records 123.1% and total cumulative return in cash reaches $124,418. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,332/mo property income versus a $1,492/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
8,398 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: Nick Nastase • THE PROPERTY PROS REAL ESTATE, INC
Mls Name: Stellar MLS
Mls ID: #O6363537