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Lake Alfred, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,065
Monthly Cash Flow
$78
Principal + Equity
$2,571
Annual Total Gain
$31,795
Cash on Cash
1.22%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$161
Occupancy Rate
51.79%
Monthly Revenue
$1,567
Monthly Cash Flow
-$654
Principal + Equity
$2,571
Annual Total Gain
$23,004
Cash on Cash %
-10.16%
Net ROI %
Market Health & Growth
Median Income
$68,854
Population
6,803
LTR Renter %
24.59%
Forecast (1 yr)
1.3%
Appreciation (1 yr)
-3.29%
Appreciation (5 yr)
47.32%
Appreciation (10 yr)
138.04%
Job Growth
3.12%
LTR Rentability
Very High
STR Demand
58
STR Rentals
40
Top Public Schools
A-Ridgeview Global Studies Academy
A-McKeel Academy of Technology
A-
A-
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in Florida
#272out of 660 markets
Most Diverse Places to Live in Florida
#110out of 1195 markets
Places with the Lowest Cost of Living in Florida
#257out of 1193 markets
C
Public School
C
Crime And Safety
B-
Housing
C
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Lake Alfred, FL.
In Lake Alfred, FL, short term rentals are regulated by the city's Code of Ordinances. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Registration: Property owners must register their short term rental property with the city and obtain a permit before operating as a short term rental.
2. Occupancy limits: The city has specific occupancy limits for short term rental properties, which must be adhered to at all times.
3. Noise restrictions: Property owners must ensure that noise levels are kept to a minimum, especially during nighttime hours, to avoid disturbances to neighbors.
4. Parking regulations: There are specific parking regulations for short term rental properties, including the number of parking spaces required per rental unit.
5. Safety requirements: Property owners must comply with all safety regulations, including having working smoke detectors, fire extinguishers, and emergency contact information posted in the rental unit.
6. Tax requirements: Property owners must collect and remit applicable taxes on short term rental income, including sales tax and tourist development tax.
7. Zoning restrictions: Investors should check the zoning regulations in Lake Alfred to ensure that short term rentals are allowed in the desired location.
It is important for investors to thoroughly research and understand the regulations and requirements for short term rentals in Lake Alfred before purchasing a property for this purpose. Failure to comply with these regulations can result in fines and penalties, so it is crucial to be informed and in compliance with all local laws.
Market Trends Over Time
Explore 25 years of market data for Lake Alfred, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Lake Alfred, FL.
The LTR Genie Score of Lake Alfred, FL is 81, indicating a very high level of rentability for long-term rental properties in the area. This is likely due to the high LTR Net ROI of 41.14%, suggesting strong potential for long-term rental income. On the other hand, the STR Genie Score is 50, which falls in the moderate range. This is likely influenced by the relatively low STR Net ROI of 29.77% and the STR Occupancy rate of 51.79%.
Lake Alfred, FL is forecasted to have a 1-year price appreciation of 1.3%, which may be a factor to consider for real estate investors looking for long-term growth potential. Based on the metrics provided, Lake Alfred, FL appears to be more attractive for long-term rental investment due to the high LTR Genie Score and Net ROI. However, investors may also consider diversifying their portfolio with some short-term rental properties to capitalize on the potential for higher revenue in the area. Ultimately, the decision on whether to invest in long-term or short-term rentals in Lake Alfred, FL will depend on individual investment goals and risk tolerance.
LTR Genie Score 80
$325,000
🛏 5 Beds🛁 3.0000 Baths🏙 2,674 sqft.🏠 SINGLE FAMILY
