1530 Ridgeback LnLake 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 1530 Ridgeback Ln, Lake Alfred, FL, 33850 priced at $276,000 converts $2,171/mo rent into $339/mo cash flow after a $1,351/mo obligation. Total monthly income equals $2,171/mo, and annual cash flow totals $4,072/yr on $91,494 invested. Return on cash invested prints 24.36% in year one, and rental yield reads 9.44% against a $276,000 entry. Equity gained on principal adds $1,781/yr, while 5% annual appreciation compiles into $76,254 by year five. Five-year ROI reaches 127.33% and total cumulative return in cash sums $116,497. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,171/mo property income covering a $1,351/mo payment, not borrower’s personal income.
Single Family
Built in 2024
5,937 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: Tina Melichar • BHHS FLORIDA PROPERTIES GROUP
Mls Name: Stellar MLS
Mls ID: #L4957804